Trinity Industries (NYSE:TRN) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Trinity Industries (NYSE:TRN) posted its earnings results on Thursday. The transportation company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06, MarketWatch Earnings reports. Trinity Industries had a negative net margin of 17.15% and a positive return on equity of 1.73%. The company had revenue of $371.50 million during the quarter, compared to analysts’ expectations of $449.95 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. Trinity Industries’s revenue for the quarter was down 27.0% compared to the same quarter last year.

Trinity Industries stock traded down $0.39 during mid-day trading on Thursday, reaching $26.10. 15,940 shares of the company traded hands, compared to its average volume of 1,311,739. The company has a quick ratio of 1.87, a current ratio of 2.61 and a debt-to-equity ratio of 2.62. Trinity Industries has a fifty-two week low of $18.29 and a fifty-two week high of $33.77. The firm has a market capitalization of $2.85 billion, a P/E ratio of 86.47 and a beta of 1.42. The company has a fifty day moving average price of $27.48.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 30th. Investors of record on Thursday, July 15th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, July 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. Trinity Industries’s payout ratio is 227.03%.

In other Trinity Industries news, EVP Brian D. Madison sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $29.22, for a total transaction of $233,760.00. Following the transaction, the executive vice president now owns 69,446 shares in the company, valued at approximately $2,029,212.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.60% of the company’s stock.

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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Earnings History for Trinity Industries (NYSE:TRN)

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