Trinity Industries (NYSE:TRN) Issues FY 2024 Earnings Guidance

Trinity Industries (NYSE:TRN) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.700-1.800 for the period, compared to the consensus earnings per share estimate of 1.750. The company issued revenue guidance of -. Trinity Industries also updated its FY24 guidance to $1.70-$1.80 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TRN shares. StockNews.com raised shares of Trinity Industries from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and lifted their price objective for the company from $34.00 to $35.00 in a report on Monday, October 21st.

Trinity Industries Price Performance

Shares of NYSE TRN traded down $1.70 during mid-day trading on Friday, hitting $32.58. 704,768 shares of the stock were exchanged, compared to its average volume of 480,974. Trinity Industries has a twelve month low of $21.17 and a twelve month high of $37.04. The stock’s fifty day simple moving average is $33.77 and its two-hundred day simple moving average is $31.60. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.98 and a current ratio of 2.00. The company has a market cap of $2.69 billion, a P/E ratio of 15.89 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.05. The business had revenue of $798.80 million for the quarter, compared to the consensus estimate of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. As a group, analysts forecast that Trinity Industries will post 1.65 EPS for the current fiscal year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Tuesday, October 15th. Trinity Industries’s dividend payout ratio (DPR) is presently 54.63%.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.