Wall Street brokerages expect that Trinity Industries Inc (NYSE:TRN) will report $1.00 billion in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Trinity Industries’ earnings, with estimates ranging from $920.00 million to $1.07 billion. Trinity Industries posted sales of $973.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The firm is expected to issue its next quarterly earnings report on Wednesday, October 24th.
According to Zacks, analysts expect that Trinity Industries will report full year sales of $3.79 billion for the current fiscal year, with estimates ranging from $3.67 billion to $3.88 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.13 billion per share, with estimates ranging from $3.94 billion to $4.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Trinity Industries.
Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Wednesday, July 25th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. The firm had revenue of $942.30 million during the quarter, compared to the consensus estimate of $965.24 million. Trinity Industries had a return on equity of 5.68% and a net margin of 19.42%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS.
A number of analysts have recently issued reports on the company. Mizuho assumed coverage on Trinity Industries in a research report on Thursday, June 28th. They set a “buy” rating and a $42.00 price target for the company. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Thursday, May 3rd. TheStreet downgraded Trinity Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, April 25th. Buckingham Research lifted 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, Stifel Nicolaus lifted their price target on Trinity Industries from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $39.75.
Shares of TRN traded down $0.33 during trading hours on Tuesday, reaching $37.83. 764,306 shares of the company’s stock traded hands, compared to its average volume of 1,628,727. The company has a market cap of $5.64 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 2.40 and a beta of 2.12. The company has a current ratio of 2.52, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. Trinity Industries has a 12 month low of $27.88 and a 12 month high of $39.19.
A number of large investors have recently added to or reduced their stakes in TRN. Optimum Investment Advisors purchased a new position in Trinity Industries in the 1st quarter worth approximately $108,000. DekaBank Deutsche Girozentrale purchased a new position in Trinity Industries in the 1st quarter worth approximately $115,000. Cerebellum GP LLC purchased a new position in Trinity Industries in the 2nd quarter worth approximately $176,000. KBC Group NV increased its stake in Trinity Industries by 108.0% in 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 during the period. Finally, Hartford Investment Management Co. purchased a new position in Trinity Industries in the 2nd quarter worth approximately $207,000. Institutional investors own 88.86% of the company’s stock.
Trinity Industries Company Profile
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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