Trinity Industries (NYSE:TRN) announced its quarterly earnings data on Wednesday. The transportation company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02, Bloomberg Earnings reports. Trinity Industries had a return on equity of 5.26% and a net margin of 4.63%. The company had revenue of $604.80 million for the quarter, compared to analysts’ expectations of $660.72 million. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. Trinity Industries updated its FY19 guidance to $1.15-1.35 EPS.
NYSE TRN traded down $1.71 on Thursday, reaching $22.26. The stock had a trading volume of 69,227 shares, compared to its average volume of 1,063,504. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.76 and a quick ratio of 0.85. Trinity Industries has a 1-year low of $18.99 and a 1-year high of $39.35. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.81 and a beta of 2.11.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.05%. This is a positive change from Trinity Industries’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, April 12th. Trinity Industries’s dividend payout ratio is currently 85.00%.
A number of research firms recently weighed in on TRN. Zacks Investment Research lowered Trinity Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 28th. Buckingham Research lowered Trinity Industries from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $32.00 to $26.00 in a report on Friday, March 22nd. Mizuho reissued a “buy” rating and set a $32.00 target price on shares of Trinity Industries in a report on Tuesday, February 26th. Cowen reissued a “buy” rating and set a $30.00 target price on shares of Trinity Industries in a report on Wednesday, February 20th. Finally, ValuEngine lowered Trinity Industries from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.78.
Trinity Industries Company Profile
Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.
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