Wall Street analysts predict that Trinity Industries Inc (NYSE:TRN) will announce $1.10 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Trinity Industries’ earnings, with the lowest sales estimate coming in at $1.02 billion and the highest estimate coming in at $1.19 billion. Trinity Industries also reported sales of $1.10 billion during the same quarter last year. The company is expected to announce its next earnings results after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Trinity Industries will report full-year sales of $1.10 billion for the current financial year, with estimates ranging from $3.78 billion to $3.94 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.94 billion per share, with estimates ranging from $3.66 billion to $4.34 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Trinity Industries.
A number of research firms have recently weighed in on TRN. Stifel Nicolaus set a $40.00 price target on Trinity Industries and gave the company a “buy” rating in a research note on Friday, February 9th. Wells Fargo & Co raised Trinity Industries from a “market perform” rating to an “outperform” rating and set a $53.00 price target on the stock in a research note on Friday. Zacks Investment Research raised Trinity Industries from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Saturday, February 10th. Susquehanna Bancshares raised Trinity Industries from a “neutral” rating to a “positive” rating in a research note on Monday, November 6th. Finally, ValuEngine raised Trinity Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $37.22.
In related news, SVP William A. Mcwhirter sold 20,000 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $36.90, for a total transaction of $738,000.00. Following the sale, the senior vice president now owns 191,339 shares of the company’s stock, valued at approximately $7,060,409.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Assetmark Inc. acquired a new stake in Trinity Industries during the 4th quarter worth $137,000. Cigna Investments Inc. New acquired a new stake in Trinity Industries during the 4th quarter worth $202,000. OLD National Bancorp IN acquired a new stake in Trinity Industries during the 4th quarter worth $204,000. Wellington Shields Capital Management LLC acquired a new stake in Trinity Industries during the 4th quarter worth $210,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in Trinity Industries during the 4th quarter worth $215,000. 82.66% of the stock is currently owned by institutional investors and hedge funds.
Trinity Industries (TRN) traded up $0.78 during mid-day trading on Friday, hitting $34.84. The stock had a trading volume of 2,276,600 shares, compared to its average volume of 1,211,985. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.62 and a current ratio of 3.70. The firm has a market cap of $5,290.00, a P/E ratio of 23.23, a P/E/G ratio of 2.52 and a beta of 2.07. Trinity Industries has a one year low of $25.01 and a one year high of $38.25.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.49%. The ex-dividend date was Thursday, January 11th. Trinity Industries’s payout ratio is presently 34.67%.
Trinity Industries announced that its Board of Directors has approved a stock buyback program on Tuesday, December 12th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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About Trinity Industries
Trinity Industries, Inc is a diversified industrial company that owns businesses providing products and services to the energy, chemical, agriculture, transportation and construction sectors. The Company’s products and services include railcars and railcar parts; parts and steel components; the leasing, management and maintenance of railcars; highway products; construction aggregates; inland barges; structural wind towers; steel utility structures; storage and distribution containers, and trench shields and shoring products.
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