$0.32 EPS Expected for Trinity Industries, Inc. (TRN) This Quarter
Brokerages forecast that Trinity Industries, Inc. (NYSE:TRN) will report $0.32 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Trinity Industries’ earnings. The lowest EPS estimate is $0.30 and the highest is $0.35. Trinity Industries reported earnings of $0.55 per share during the same quarter last year, which would suggest a negative year over year growth rate of 41.8%. The firm is expected to issue its next quarterly earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Trinity Industries will report full-year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.32. For the next fiscal year, analysts anticipate that the company will post earnings of $1.32 per share, with EPS estimates ranging from $1.20 to $1.49. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Trinity Industries.
Trinity Industries (NYSE:TRN) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Trinity Industries had a return on equity of 5.75% and a net margin of 6.20%. The company had revenue of $905.50 million during the quarter, compared to the consensus estimate of $947.40 million. During the same quarter last year, the company earned $0.62 EPS. The company’s quarterly revenue was down 23.6% on a year-over-year basis.
Several equities analysts have recently commented on the company. ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday. Cowen and Company reaffirmed a “buy” rating and issued a $31.00 target price on shares of Trinity Industries in a research report on Monday, August 28th. BidaskClub raised Trinity Industries from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Friday, August 25th. Finally, TheStreet raised Trinity Industries from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Trinity Industries has an average rating of “Hold” and an average target price of $26.89.
In related news, major shareholder Valueact Capital Master Fund, purchased 202,500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $28.47 per share, for a total transaction of $5,765,175.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Holdings L.P. Valueact purchased 167,395 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of $27.51 per share, with a total value of $4,605,036.45. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,655,569 shares of company stock valued at $46,759,738. 2.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Trinity Industries by 0.6% during the second quarter. Vanguard Group Inc. now owns 12,345,367 shares of the transportation company’s stock worth $346,040,000 after purchasing an additional 78,124 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Trinity Industries by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,934,005 shares of the transportation company’s stock worth $130,998,000 after purchasing an additional 24,412 shares during the last quarter. State Street Corp lifted its stake in Trinity Industries by 1.8% during the first quarter. State Street Corp now owns 4,070,436 shares of the transportation company’s stock worth $108,071,000 after purchasing an additional 71,993 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Trinity Industries during the second quarter worth $108,733,000. Finally, Impala Asset Management LLC lifted its stake in Trinity Industries by 18.6% during the first quarter. Impala Asset Management LLC now owns 2,016,708 shares of the transportation company’s stock worth $53,544,000 after purchasing an additional 316,694 shares during the last quarter. Hedge funds and other institutional investors own 80.92% of the company’s stock.
Shares of Trinity Industries (NYSE TRN) traded up 2.50% during mid-day trading on Monday, hitting $29.56. The company’s stock had a trading volume of 1,152,723 shares. The company has a 50-day moving average of $28.23 and a 200 day moving average of $27.16. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 18.17 and a beta of 2.18. Trinity Industries has a 1-year low of $20.80 and a 1-year high of $30.13.
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About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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