Trinity Industries Inc (TRN) Expected to Announce Quarterly Sales of $1.00 Billion

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Wall Street brokerages expect Trinity Industries Inc (NYSE:TRN) to post sales of $1.00 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Trinity Industries’ earnings, with the lowest sales estimate coming in at $920.00 million and the highest estimate coming in at $1.07 billion. Trinity Industries reported sales of $973.60 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that Trinity Industries will report full-year sales of $3.79 billion for the current financial year, with estimates ranging from $3.67 billion to $3.88 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.13 billion per share, with estimates ranging from $3.94 billion to $4.27 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Trinity Industries.

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

A number of research analysts have recently weighed in on the company. Mizuho restated a “buy” rating and issued a $48.00 price target on shares of Trinity Industries in a research report on Thursday, July 26th. Stifel Nicolaus raised their price target on Trinity Industries from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, April 30th. TheStreet cut Trinity Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, April 25th. Buckingham Research raised their price target on Trinity Industries from $41.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, Vertical Group restated a “sell” rating on shares of Trinity Industries in a research report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company. Trinity Industries presently has a consensus rating of “Buy” and a consensus price target of $39.75.

Shares of Trinity Industries opened at $38.28 on Tuesday, Marketbeat reports. Trinity Industries has a fifty-two week low of $27.88 and a fifty-two week high of $39.19. The firm has a market capitalization of $5.64 billion, a PE ratio of 25.13, a PEG ratio of 2.40 and a beta of 2.12. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.52 and a quick ratio of 1.61.

Institutional investors have recently bought and sold shares of the stock. Optimum Investment Advisors purchased a new stake in Trinity Industries during the 1st quarter worth about $108,000. DekaBank Deutsche Girozentrale purchased a new stake in Trinity Industries during the 1st quarter worth about $115,000. Cerebellum GP LLC purchased a new stake in Trinity Industries during the 2nd quarter worth about $176,000. KBC Group NV increased its position in Trinity Industries by 108.0% during the 2nd quarter. KBC Group NV now owns 5,637 shares of the transportation company’s stock worth $193,000 after purchasing an additional 2,927 shares in the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in Trinity Industries during the 2nd quarter worth about $207,000. Hedge funds and other institutional investors own 88.86% of the company’s stock.

About Trinity Industries

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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