Trinity Industries (NYSE:TRN) Issues Earnings Results, Beats Estimates By $0.06 EPS

Trinity Industries (NYSE:TRN) issued its quarterly earnings results on Thursday. The transportation company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $449.95 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was down 27.0% on a year-over-year basis.

Trinity Industries stock traded down $0.39 during trading on Thursday, reaching $26.10. The stock had a trading volume of 15,940 shares, compared to its average volume of 1,311,739. The stock has a market capitalization of $2.85 billion, a PE ratio of 86.47 and a beta of 1.42. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.87 and a current ratio of 2.61. Trinity Industries has a 52-week low of $18.29 and a 52-week high of $33.77. The firm has a 50 day moving average of $27.48.

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

In other news, EVP Brian D. Madison sold 8,000 shares of the business’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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 21.60% of the stock is currently owned by insiders.

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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