Trinity Industries Inc (TRN) Expected to Announce Quarterly Sales of $1.00 Billion

Brokerages expect Trinity Industries Inc (NYSE:TRN) to post $1.00 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Trinity Industries’ earnings, with estimates ranging from $920.00 million to $1.07 billion. Trinity Industries reported sales of $973.60 million in the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The business is expected to announce its next quarterly earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that Trinity Industries will report full year sales of $3.79 billion for the current financial year, with estimates ranging from $3.67 billion to $3.88 billion. For the next financial year, analysts anticipate that the business will report sales of $4.13 billion per share, with estimates ranging from $3.94 billion to $4.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Trinity Industries.

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



Several equities analysts recently weighed in on TRN shares. TheStreet lowered Trinity Industries from a “b-” rating to a “c+” rating in a research note on Wednesday, April 25th. Vertical Group restated a “sell” rating on shares of Trinity Industries in a research note on Thursday, April 26th. Stifel Nicolaus lifted their price target on Trinity Industries from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, April 30th. Zacks Investment Research upgraded Trinity Industries from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Thursday, May 3rd. Finally, Mizuho started coverage on Trinity Industries in a research note on Thursday, June 28th. They issued a “buy” rating and a $42.00 price target for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.75.

A number of large investors have recently bought and sold shares of TRN. Arizona State Retirement System lifted its holdings in Trinity Industries by 1.6% in the second quarter. Arizona State Retirement System now owns 103,649 shares of the transportation company’s stock valued at $3,551,000 after acquiring an additional 1,597 shares during the last quarter. United Capital Financial Advisers LLC lifted its holdings in Trinity Industries by 7.5% in the first quarter. United Capital Financial Advisers LLC now owns 24,119 shares of the transportation company’s stock valued at $787,000 after acquiring an additional 1,690 shares during the last quarter. CIBC World Markets Inc. lifted its holdings in Trinity Industries by 11.1% in the first quarter. CIBC World Markets Inc. now owns 17,740 shares of the transportation company’s stock valued at $579,000 after acquiring an additional 1,775 shares during the last quarter. Hilltop Holdings Inc. lifted its holdings in Trinity Industries by 10.1% in the first quarter. Hilltop Holdings Inc. now owns 20,945 shares of the transportation company’s stock valued at $683,000 after acquiring an additional 1,928 shares during the last quarter. Finally, Afam Capital Inc. lifted its holdings in Trinity Industries by 1.9% in the first quarter. Afam Capital Inc. now owns 117,537 shares of the transportation company’s stock valued at $3,835,000 after acquiring an additional 2,143 shares during the last quarter. Institutional investors own 88.86% of the company’s stock.

Shares of NYSE TRN traded down $0.33 during trading on Tuesday, reaching $37.83. 764,306 shares of the company traded hands, compared to its average volume of 1,628,727. The firm has a market capitalization of $5.64 billion, a P/E ratio of 24.89, a PEG ratio of 2.40 and a beta of 2.12. Trinity Industries has a 12-month low of $27.88 and a 12-month high of $39.19. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 2.52.

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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