Trinity Industries (NYSE:TRN) Issues FY 2024 Earnings Guidance

Trinity Industries (NYSE:TRN) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.350-1.550 for the period, compared to the consensus estimate of 1.420. The company issued revenue guidance of -.

Analyst Ratings Changes

TRN has been the topic of a number of research reports. TD Cowen boosted their price objective on Trinity Industries from $30.00 to $33.00 and gave the stock a buy rating in a research report on Thursday. Susquehanna boosted their price target on shares of Trinity Industries from $30.00 to $34.00 and gave the stock a positive rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $31.00.

Trinity Industries Price Performance

TRN stock traded up $0.39 during mid-day trading on Friday, hitting $30.44. The company had a trading volume of 628,976 shares, compared to its average volume of 628,005. The company has a quick ratio of 0.78, a current ratio of 1.88 and a debt-to-equity ratio of 4.55. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 20.43 and a beta of 1.39. Trinity Industries has a 12-month low of $20.04 and a 12-month high of $30.65. The company has a 50-day moving average price of $26.67 and a 200 day moving average price of $25.57.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Wednesday, May 1st. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $809.60 million for the quarter, compared to analyst estimates of $750.97 million. Trinity Industries had a net margin of 3.98% and a return on equity of 10.93%. Trinity Industries’s revenue was up 26.2% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. On average, research analysts anticipate that Trinity Industries will post 1.46 earnings per share for the current year.

Trinity Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Friday, April 12th. Trinity Industries’s dividend payout ratio (DPR) is currently 75.17%.

Insiders Place Their Bets

In other news, CFO Eric R. Marchetto sold 9,781 shares of Trinity Industries stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $28.00, for a total transaction of $273,868.00. Following the sale, the chief financial officer now owns 233,704 shares in the company, valued at $6,543,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by 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.