Trinity Industries (NYSE:TRN) Announces Earnings Results

Trinity Industries (NYSE:TRN) posted its quarterly earnings data on Wednesday. The transportation company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07, Briefing.com reports. The company had revenue of $809.60 million for the quarter, compared to analyst estimates of $750.97 million. Trinity Industries had a return on equity of 9.29% and a net margin of 3.55%. The business’s revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. Trinity Industries updated its FY 2024 guidance to 1.350-1.550 EPS.

Trinity Industries Stock Performance

NYSE:TRN traded up $0.50 on Thursday, hitting $30.05. The company’s stock had a trading volume of 1,090,860 shares, compared to its average volume of 517,728. The firm has a market capitalization of $2.46 billion, a P/E ratio of 23.45 and a beta of 1.39. The company has a current ratio of 1.91, a quick ratio of 0.78 and a debt-to-equity ratio of 4.51. Trinity Industries has a one year low of $20.04 and a one year high of $30.46. The stock has a fifty day moving average of $26.46 and a two-hundred day moving average of $25.49.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a $0.28 dividend. The ex-dividend date was Friday, April 12th. This represents a $1.12 annualized dividend and a yield of 3.73%. Trinity Industries’s dividend payout ratio is 88.89%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Trinity Industries

In other news, CFO Eric R. Marchetto sold 9,781 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the transaction, the chief financial officer now owns 233,704 shares in the company, valued at $6,543,712. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

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.