Analysts expect that Trinity Industries Inc (NYSE:TRN) will post $997.58 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Trinity Industries’ earnings, with the lowest sales estimate coming in at $932.90 million and the highest estimate coming in at $1.04 billion. Trinity Industries reported sales of $905.50 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.2%. The company is scheduled to issue its next quarterly earnings results on Tuesday, July 24th.

According to Zacks, analysts expect that Trinity Industries will report full year sales of $3.77 billion for the current financial year, with estimates ranging from $3.57 billion to $3.98 billion. For the next year, analysts forecast that the business will post sales of $3.96 billion per share, with estimates ranging from $3.85 billion to $4.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Trinity Industries.

Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, April 25th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Trinity Industries had a net margin of 19.26% and a return on equity of 5.28%. The firm had revenue of $831.30 million for the quarter, compared to analysts’ expectations of $893.58 million. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year.

A number of equities analysts have recently commented on TRN shares. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Thursday, May 3rd. Stifel Nicolaus set a $40.00 price objective on Trinity Industries and gave the stock a “buy” rating in a research report on Friday, February 9th. Vertical Group reiterated a “sell” rating on shares of Trinity Industries in a research report on Thursday, April 26th. Susquehanna Bancshares increased their price objective on Trinity Industries from $40.00 to $52.00 and gave the stock a “positive” rating in a research report on Tuesday, February 20th. Finally, TheStreet cut Trinity Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, April 25th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Trinity Industries currently has an average rating of “Buy” and a consensus target price of $35.83.

Shares of NYSE TRN traded down $0.26 during trading on Tuesday, hitting $34.23. 2,991,318 shares of the company were exchanged, compared to its average volume of 1,894,054. The company has a quick ratio of 2.10, a current ratio of 3.14 and a debt-to-equity ratio of 0.67. The firm has a market cap of $5.25 billion, a PE ratio of 22.52, a P/E/G ratio of 2.57 and a beta of 2.02. Trinity Industries has a 12-month low of $25.28 and a 12-month high of $38.25.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, July 13th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, July 12th. Trinity Industries’s payout ratio is currently 34.21%.

In other news, major shareholder Holdings L.P. Valueact acquired 20,539 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were bought at an average price of $33.00 per share, with a total value of $677,787.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William A. Mcwhirter sold 15,606 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $33.49, for a total value of $522,644.94. Following the completion of the sale, the senior vice president now directly owns 175,733 shares in the company, valued at approximately $5,885,298.17. The disclosure for this sale can be found here. Insiders have acquired a total of 1,974,387 shares of company stock worth $64,737,131 in the last ninety days. 2.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Kempen Capital Management N.V. boosted its position in Trinity Industries by 8.5% in the 1st quarter. Kempen Capital Management N.V. now owns 345,104 shares of the transportation company’s stock valued at $11,261,000 after buying an additional 26,924 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Trinity Industries by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 658,220 shares of the transportation company’s stock valued at $21,477,000 after purchasing an additional 13,073 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Trinity Industries by 3.9% in the 1st quarter. WINTON GROUP Ltd now owns 105,753 shares of the transportation company’s stock valued at $3,451,000 after purchasing an additional 3,972 shares during the period. Rational Advisors LLC acquired a new position in shares of Trinity Industries in the 1st quarter valued at $1,296,000. Finally, CIBC World Markets Inc. lifted its stake in shares of Trinity Industries by 11.1% in the 1st quarter. CIBC World Markets Inc. now owns 17,740 shares of the transportation company’s stock valued at $579,000 after purchasing an additional 1,775 shares during the period. 89.12% of the stock is currently owned by institutional investors.

Trinity Industries Company Profile

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

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Earnings History and Estimates for Trinity Industries (NYSE:TRN)

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