Trinity Industries Inc (NYSE:TRN) declared a quarterly dividend on Thursday, September 13th, RTT News reports. Stockholders of record on Monday, October 15th will be paid a dividend of 0.13 per share by the transportation company on Wednesday, October 31st. This represents a $0.52 annualized dividend and a dividend yield of 1.45%.
Trinity Industries has increased its dividend by an average of 11.1% per year over the last three years and has increased its dividend every year for the last 7 years. Trinity Industries has a payout ratio of 32.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Trinity Industries to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 27.8%.
Shares of NYSE TRN opened at $35.80 on Friday. The company has a market capitalization of $5.31 billion, a PE ratio of 23.55, a PEG ratio of 2.21 and a beta of 2.19. Trinity Industries has a 52-week low of $29.21 and a 52-week high of $39.19. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 2.52.
Trinity Industries (NYSE:TRN) last issued its earnings results on Wednesday, July 25th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. The firm had revenue of $942.30 million for the quarter, compared to the consensus estimate of $965.24 million. Trinity Industries had a net margin of 19.42% and a return on equity of 5.68%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 earnings per share. research analysts anticipate that Trinity Industries will post 1.62 earnings per share for the current year.
TRN has been the topic of several analyst reports. Buckingham Research upped their target price on shares of Trinity Industries from $41.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. TheStreet upgraded shares of Trinity Industries from a “c+” rating to a “b” rating in a research report on Monday, July 23rd. Stifel Nicolaus increased their price objective on shares of Trinity Industries from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, Mizuho restated a “buy” rating and set a $48.00 price objective on shares of Trinity Industries in a research report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $39.75.
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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