Equities analysts forecast that Trinity Industries Inc (NYSE:TRN) will post sales of $957.20 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Trinity Industries’ earnings, with the highest sales estimate coming in at $1.07 billion and the lowest estimate coming in at $909.50 million. Trinity Industries reported sales of $973.60 million during the same quarter last year, which indicates a negative year over year growth rate of 1.7%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, October 24th.

According to Zacks, analysts expect that Trinity Industries will report full-year sales of $3.79 billion for the current year, with estimates ranging from $3.67 billion to $3.88 billion. For the next year, analysts forecast that the company will post sales of $4.23 billion, with estimates ranging from $4.18 billion to $4.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Trinity Industries.

Trinity Industries (NYSE:TRN) last released its earnings results on Wednesday, July 25th. The transportation company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $942.30 million during the quarter, compared to the consensus estimate of $965.24 million. Trinity Industries had a return on equity of 5.68% and a net margin of 19.42%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share.

A number of equities research analysts recently commented on TRN shares. TheStreet upgraded Trinity Industries from a “c+” rating to a “b” rating in a report on Monday, July 23rd. Buckingham Research upped their price objective on Trinity Industries from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday, October 5th. Stifel Nicolaus upped their price objective on Trinity Industries from $44.00 to $45.00 and gave the company a “buy” rating in a report on Friday, July 27th. Mizuho started coverage on Trinity Industries in a report on Wednesday, July 4th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, UBS Group downgraded Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, October 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Trinity Industries has an average rating of “Buy” and an average price target of $41.00.

Institutional investors have recently made changes to their positions in the business. Thompson Siegel & Walmsley LLC boosted its position in Trinity Industries by 13,081.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,779,493 shares of the transportation company’s stock valued at $60,965,000 after purchasing an additional 1,765,993 shares during the last quarter. Sterling Capital Management LLC boosted its position in Trinity Industries by 171.2% during the second quarter. Sterling Capital Management LLC now owns 1,284,143 shares of the transportation company’s stock valued at $43,995,000 after purchasing an additional 810,646 shares during the last quarter. First Trust Advisors LP boosted its position in Trinity Industries by 34.4% during the second quarter. First Trust Advisors LP now owns 1,021,150 shares of the transportation company’s stock valued at $34,985,000 after purchasing an additional 261,306 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Trinity Industries during the third quarter valued at approximately $28,392,000. Finally, Renaissance Technologies LLC boosted its position in Trinity Industries by 5.7% during the second quarter. Renaissance Technologies LLC now owns 734,400 shares of the transportation company’s stock valued at $25,161,000 after purchasing an additional 39,400 shares during the last quarter. Institutional investors own 83.73% of the company’s stock.

NYSE TRN traded down $0.76 on Friday, reaching $36.33. The company had a trading volume of 83,302 shares, compared to its average volume of 1,675,014. The company has a market capitalization of $5.41 billion, a PE ratio of 24.37, a P/E/G ratio of 2.26 and a beta of 2.18. The company has a current ratio of 2.52, a quick ratio of 1.61 and a debt-to-equity ratio of 0.69. Trinity Industries has a 52 week low of $30.39 and a 52 week high of $39.35.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Monday, October 15th will be issued a $0.13 dividend. The ex-dividend date is Friday, October 12th. This represents a $0.52 dividend on an annualized basis and a yield of 1.43%. Trinity Industries’s dividend payout ratio is presently 34.21%.

Trinity Industries Company Profile

Trinity Industries, Inc provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, including autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and railcar maintenance services.

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Earnings History and Estimates for Trinity Industries (NYSE:TRN)

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