Trinity Industries (NYSE:TRN) Updates FY22 Earnings Guidance

Trinity Industries (NYSE:TRNGet Rating) issued an update on its FY22 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.85-1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.15.

Shares of NYSE:TRN opened at $30.64 on Wednesday. Trinity Industries has a 12-month low of $24.70 and a 12-month high of $35.35. The business has a 50 day moving average of $31.89 and a 200-day moving average of $30.05. The company has a quick ratio of 0.78, a current ratio of 1.62 and a debt-to-equity ratio of 3.99. The stock has a market cap of $2.55 billion, a PE ratio of 16.56 and a beta of 1.33.

Trinity Industries (NYSE:TRNGet Rating) last released its quarterly earnings results on Thursday, February 17th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). The firm had revenue of $472.20 million during the quarter, compared to the consensus estimate of $502.58 million. Trinity Industries had a net margin of 10.42% and a return on equity of 3.74%. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. Equities research analysts expect that Trinity Industries will post 1.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Thursday, April 14th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Wednesday, April 13th. Trinity Industries’s dividend payout ratio (DPR) is currently 49.73%.

Several brokerages have weighed in on TRN. Zacks Investment Research cut Trinity Industries from a hold rating to a strong sell rating and set a $27.00 price objective for the company. in a report on Tuesday. StockNews.com started coverage on shares of Trinity Industries in a research report on Thursday, March 31st. They set a hold rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $31.32.

In other news, EVP Brian D. Madison sold 6,000 shares of the business’s stock in a transaction dated Thursday, March 24th. The stock was sold at an average price of $34.19, for a total transaction of $205,140.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Holdings L.P. Valueact sold 3,780,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $28.45, for a total transaction of $107,541,000.00. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Trinity Industries by 2.2% during the fourth quarter. BlackRock Inc. now owns 9,198,696 shares of the transportation company’s stock worth $277,800,000 after acquiring an additional 201,799 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Trinity Industries by 32.2% during the 4th quarter. Wells Fargo & Company MN now owns 232,413 shares of the transportation company’s stock worth $7,019,000 after purchasing an additional 56,669 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Trinity Industries by 2.4% in the 4th quarter. Deutsche Bank AG now owns 53,249 shares of the transportation company’s stock valued at $1,608,000 after purchasing an additional 1,256 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Trinity Industries by 39.4% during the fourth quarter. Harbour Investments Inc. now owns 2,189 shares of the transportation company’s stock worth $66,000 after buying an additional 619 shares during the period. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Trinity Industries during the fourth quarter worth $114,000. Institutional investors and hedge funds own 96.56% of the company’s stock.

About Trinity Industries (Get Rating)

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.

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