Trinity Industries (TRN) Set to Announce Earnings on Thursday

Trinity Industries (NYSE:TRN) will post its quarterly earnings results before the market opens on Thursday, August 1st. Individual that wish to register for the company’s earnings conference call can do so using this link.

Trinity Industries (NYSE:TRN) last released its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Trinity Industries had a return on equity of 10.93% and a net margin of 3.98%. The firm had revenue of $809.60 million for the quarter, compared to the consensus estimate of $750.97 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis.

Trinity Industries Trading Up 0.3 %

NYSE:TRN opened at $32.84 on Wednesday. The stock’s 50 day moving average price is $30.33 and its 200 day moving average price is $28.05. Trinity Industries has a 52 week low of $20.04 and a 52 week high of $34.24. The company has a market capitalization of $2.69 billion, a P/E ratio of 22.04 and a beta of 1.41. The company has a debt-to-equity ratio of 4.55, a quick ratio of 0.91 and a current ratio of 1.88.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.12 dividend on an annualized basis and a yield of 3.41%. Trinity Industries’s dividend payout ratio is currently 75.17%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Susquehanna increased their price objective on Trinity Industries from $30.00 to $34.00 and gave the stock a “positive” rating in a report on Thursday, May 2nd. TD Cowen increased their price target on Trinity Industries from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Buying and Selling at Trinity Industries

In other Trinity Industries news, CFO Eric R. Marchetto sold 8,816 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $264,480.00. Following the transaction, the chief financial officer now owns 224,888 shares in the company, valued at $6,746,640. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

Trinity Industries Company Profile

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.