Trinity Industries (TRN) Posts Earnings Results, Beats Expectations By $0.02 EPS

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 hedge funds and other institutional investors have recently modified their holdings of TRN. P Schoenfeld Asset Management LP grew its holdings in Trinity Industries by 1,669.8% in the 4th quarter. P Schoenfeld Asset Management LP now owns 1,859,495 shares of the transportation company’s stock valued at $38,287,000 after buying an additional 1,754,427 shares in the last quarter. Norges Bank acquired a new stake in shares of Trinity Industries during the 4th quarter worth $29,267,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Trinity Industries by 1,930.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,200,026 shares of the transportation company’s stock worth $58,000 after purchasing an additional 1,140,911 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Trinity Industries during the 4th quarter worth $19,404,000. Finally, Locust Wood Capital Advisers LLC bought a new stake in shares of Trinity Industries during the 4th quarter worth $18,445,000. 91.63% of the stock is currently owned by hedge funds and other institutional investors.

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.

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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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Earnings History for Trinity Industries (NYSE:TRN)

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