Trinity Industries (TRN) Scheduled to Post Earnings on Wednesday

Trinity Industries (NYSE:TRN) is scheduled to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Trinity Industries has set its FY 2024 guidance at 1.300-1.500 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Trinity Industries (NYSE:TRN) last posted its earnings results on Thursday, February 22nd. The transportation company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. The company had revenue of $797.90 million during the quarter, compared to analysts’ expectations of $749.25 million. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. Trinity Industries’s quarterly revenue was up 35.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 EPS. On average, analysts expect Trinity Industries to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Trinity Industries Stock Performance

NYSE TRN opened at $26.74 on Wednesday. The firm has a 50-day moving average of $26.37 and a 200-day moving average of $25.29. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.78 and a current ratio of 1.91. The stock has a market cap of $2.19 billion, a PE ratio of 21.22 and a beta of 1.39. Trinity Industries has a 52-week low of $20.04 and a 52-week high of $28.86.

Trinity Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, April 12th. Trinity Industries’s dividend payout ratio is presently 88.89%.

Analysts Set New Price Targets

Separately, Susquehanna dropped their price objective on shares of Trinity Industries from $32.00 to $30.00 and set a “positive” rating for the company in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Trinity Industries has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Insiders Place Their Bets

In other Trinity Industries news, CFO Eric R. Marchetto sold 9,781 shares of Trinity Industries stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $28.00, for a total value of $273,868.00. Following the completion of the sale, the chief financial officer now owns 233,704 shares in the company, valued at approximately $6,543,712. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

About Trinity Industries

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.