Trinity Industries (TRN) Set to Announce Quarterly Earnings on Wednesday

Trinity Industries (NYSE:TRN) will 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 interested in participating in the company’s conference call can do so using this link.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, February 22nd. The transportation company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.16. Trinity Industries had a net margin of 3.55% and a return on equity of 9.29%. The business had revenue of $797.90 million during the quarter, compared to analysts’ expectations of $749.25 million. During the same period last year, the company posted $0.44 EPS. The business’s revenue was up 35.0% on a year-over-year basis. 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

Shares of NYSE:TRN opened at $27.14 on Monday. Trinity Industries has a 52 week low of $20.04 and a 52 week high of $28.86. The stock has a market capitalization of $2.22 billion, a P/E ratio of 21.54 and a beta of 1.39. The firm has a fifty day simple moving average of $26.40 and a two-hundred day simple moving average of $25.39. The company has a quick ratio of 0.78, a current ratio of 1.91 and a debt-to-equity ratio of 4.51.

Trinity Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.28 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.13%. Trinity Industries’s payout ratio is currently 88.89%.

Analysts Set New Price Targets

Separately, Susquehanna dropped their price target 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Insider Activity

In other news, CFO Eric R. Marchetto sold 9,781 shares of the business’s 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

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.