Brokerages Expect Trinity Industries Inc (TRN) to Announce $0.44 EPS

Wall Street analysts predict that Trinity Industries Inc (NYSE:TRN) will post earnings per share of $0.44 for the current quarter, Zacks reports. Four analysts have provided estimates for Trinity Industries’ earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.50. Trinity Industries reported earnings per share of $0.43 during the same quarter last year, which suggests a positive year-over-year growth rate of 2.3%. The firm is expected to report its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Trinity Industries will report full year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.66. For the next financial year, analysts forecast that the business will report earnings of $1.85 per share, with EPS estimates ranging from $1.70 to $1.98. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Trinity Industries.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Wednesday, July 25th. The transportation company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. The firm had revenue of $942.30 million during the quarter, compared to analysts’ expectations of $965.24 million. Trinity Industries had a net margin of 19.42% and a return on equity of 5.68%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS.

TRN has been the subject of a number of recent analyst reports. Mizuho reissued a “buy” rating and set a $48.00 target price on shares of Trinity Industries in a research report on Thursday, July 26th. Stifel Nicolaus increased their target price on shares of Trinity Industries from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, April 30th. TheStreet downgraded shares of Trinity Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, April 25th. Buckingham Research raised their price objective on shares of Trinity Industries from $41.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, Vertical Group reaffirmed a “sell” rating on shares of Trinity Industries in a research report on Thursday, April 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.75.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arizona State Retirement System lifted its holdings in shares of Trinity Industries by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 103,649 shares of the transportation company’s stock worth $3,551,000 after purchasing an additional 1,597 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in shares of Trinity Industries by 7.5% in the 1st quarter. United Capital Financial Advisers LLC now owns 24,119 shares of the transportation company’s stock worth $787,000 after purchasing an additional 1,690 shares in the last quarter. CIBC World Markets Inc. lifted its holdings 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 worth $579,000 after purchasing an additional 1,775 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in shares of Trinity Industries by 10.1% in the 1st quarter. Hilltop Holdings Inc. now owns 20,945 shares of the transportation company’s stock worth $683,000 after purchasing an additional 1,928 shares in the last quarter. Finally, Afam Capital Inc. lifted its holdings in shares of Trinity Industries by 1.9% in the 1st quarter. Afam Capital Inc. now owns 117,537 shares of the transportation company’s stock worth $3,835,000 after purchasing an additional 2,143 shares in the last quarter. Institutional investors own 88.86% of the company’s stock.

Shares of NYSE:TRN traded down $0.33 during trading on Friday, hitting $37.83. 764,306 shares of the company’s stock were exchanged, compared to its average volume of 1,628,727. Trinity Industries has a 1-year low of $27.88 and a 1-year high of $39.19. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.52 and a quick ratio of 1.61. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 24.89, a P/E/G ratio of 2.40 and a beta of 2.12.

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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