Trinity Industries (NYSE:TRN) Updates FY 2019 Earnings Guidance
Trinity Industries (NYSE:TRN) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.15-1.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.34. Trinity Industries also updated its FY19 guidance to $1.15 to $1.35 EPS.
TRN traded up $0.26 on Friday, hitting $18.56. The company had a trading volume of 2,453,012 shares, compared to its average volume of 1,239,079. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.21 and a quick ratio of 0.86. Trinity Industries has a 52-week low of $18.19 and a 52-week high of $39.35. The business has a fifty day simple moving average of $19.93. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.36 and a beta of 1.96.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). Trinity Industries had a return on equity of 5.40% and a net margin of 4.06%. The company had revenue of $736.00 million during the quarter, compared to analysts’ expectations of $796.00 million. During the same quarter last year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts anticipate that Trinity Industries will post 1.35 earnings per share for the current year.
Several research firms have recently issued reports on TRN. TheStreet lowered shares of Trinity Industries from a b rating to a c rating in a report on Thursday, April 25th. Zacks Investment Research upgraded shares of Investar from a hold rating to a buy rating and set a $27.00 target price for the company in a report on Tuesday, June 4th. Stifel Nicolaus reiterated a buy rating and set a $170.00 target price on shares of Spotify in a report on Friday, April 26th. Finally, ValuEngine lowered shares of Welbilt from a hold rating to a sell rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $26.44.
In related news, insider Brian D. Madison sold 2,157 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $20.90, for a total transaction of $45,081.30. Following the completion of the sale, the insider now owns 58,345 shares of the company’s stock, valued at $1,219,410.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.50% of the stock is owned by company insiders.
About Trinity Industries
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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