Trinity Industries (TRN) Set to Announce Quarterly Earnings on Wednesday

Trinity Industries (NYSE:TRN) will be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Trinity Industries has set its FY 2024 guidance at 1.300-1.500 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Trinity Industries (NYSE:TRN) last posted its quarterly earnings data on Thursday, February 22nd. The transportation company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.16. The business had revenue of $797.90 million during the quarter, compared to analyst estimates of $749.25 million. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. The company’s revenue was up 35.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 earnings per share. On average, analysts expect Trinity Industries to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trinity Industries Price Performance

Shares of NYSE:TRN opened at $27.08 on Tuesday. The company has a market cap of $2.22 billion, a P/E ratio of 21.49 and a beta of 1.39. Trinity Industries has a 52 week low of $20.04 and a 52 week high of $28.86. The company has a quick ratio of 0.78, a current ratio of 1.91 and a debt-to-equity ratio of 4.51. The business has a fifty day simple moving average of $26.41 and a 200-day simple moving average of $25.43.

Trinity Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Friday, April 12th. Trinity Industries’s dividend payout ratio is currently 88.89%.

Analyst Upgrades and Downgrades

Separately, Susquehanna lowered their target price on Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Insider Activity

In related news, CFO Eric R. Marchetto sold 9,781 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total value of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares in the company, valued at $6,543,712. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.