Trinity Industries (TRN) Set to Announce Earnings on Thursday

Trinity Industries (NYSE:TRN) is set to issue its quarterly earnings data after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of $0.42 per share for the quarter.

Shares of Trinity Industries (NYSE TRN) opened at $32.69 on Wednesday. Trinity Industries has a one year low of $25.01 and a one year high of $38.25. The company has a quick ratio of 2.62, a current ratio of 3.70 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $4,960.00, a price-to-earnings ratio of 21.79, a PEG ratio of 2.31 and a beta of 2.07.

Trinity Industries announced that its Board of Directors has authorized a share buyback plan on Tuesday, December 12th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th were paid a $0.13 dividend. The ex-dividend date was Thursday, January 11th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.59%. Trinity Industries’s payout ratio is presently 34.67%.

In related news, SVP William A. Mcwhirter sold 20,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,339 shares of the company’s stock, valued at approximately $7,060,409.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

TRN has been the subject of a number of research reports. Cowen reaffirmed a “buy” rating and issued a $39.00 price objective (up from $31.00) on shares of Trinity Industries in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Zacks Investment Research cut Trinity Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus dropped their price objective on Trinity Industries from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, October 27th. UBS Group raised Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. Finally, Susquehanna Bancshares raised Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $35.25.

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About Trinity Industries

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.

Earnings History for Trinity Industries (NYSE:TRN)

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