Trinity Industries, Inc. (NYSE:TRN) – Equities researchers at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Trinity Industries in a research report issued to clients and investors on Thursday. KeyCorp analyst S. Barger anticipates that the transportation company will post earnings of $0.33 per share for the quarter. KeyCorp also issued estimates for Trinity Industries’ Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.42 EPS and Q4 2018 earnings at $0.37 EPS.
TRN has been the subject of several other reports. Axiom Securities restated a “sell” rating on shares of Trinity Industries in a report on Wednesday, July 26th. BidaskClub downgraded shares of Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Buckingham Research started coverage on shares of Trinity Industries in a research note on Wednesday, June 21st. They set a “buy” rating and a $32.00 target price for the company. Zacks Investment Research raised shares of Trinity Industries from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus raised shares of Trinity Industries from a “hold” rating to a “buy” rating and raised their target price for the company from $29.00 to $31.00 in a research note on Thursday, July 27th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $26.78.
Trinity Industries (NYSE:TRN) last issued its earnings results on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The business had revenue of $905.50 million during the quarter, compared to analyst estimates of $947.40 million. During the same period in the previous year, the company posted $0.62 EPS. The firm’s revenue was down 23.6% compared to the same quarter last year.
In other Trinity Industries news, insider D Stephen Menzies sold 27,742 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $26.11, for a total transaction of $724,343.62. Following the completion of the transaction, the insider now owns 236,707 shares of the company’s stock, valued at $6,180,419.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC acquired a new position in shares of Trinity Industries during the fourth quarter worth $779,000. New England Research & Management Inc. increased its stake in shares of Trinity Industries by 127.8% in the first quarter. New England Research & Management Inc. now owns 22,015 shares of the transportation company’s stock valued at $584,000 after buying an additional 12,350 shares during the period. Creative Planning increased its stake in shares of Trinity Industries by 4.0% in the first quarter. Creative Planning now owns 17,395 shares of the transportation company’s stock valued at $462,000 after buying an additional 663 shares during the period. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of Trinity Industries by 6.3% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 149,514 shares of the transportation company’s stock valued at $3,970,000 after buying an additional 8,800 shares during the period. Finally, Capstone Asset Management Co. increased its stake in shares of Trinity Industries by 4.1% in the first quarter. Capstone Asset Management Co. now owns 19,528 shares of the transportation company’s stock valued at $518,000 after buying an additional 770 shares during the period. 80.54% of the stock is owned by institutional investors and hedge funds.
Trinity Industries Company Profile
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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