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.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.68 annualized dividend and a dividend yield of 3.66%. Trinity Industries’s payout ratio is 85.00%.

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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