Trinity Industries (NYSE:TRN) Issues Earnings Results

Trinity Industries (NYSE:TRN) posted its earnings results on Thursday. The transportation company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02, MarketWatch Earnings reports. Trinity Industries had a return on equity of 3.58% and a net margin of 0.06%. The company had revenue of $398.80 million for the quarter, compared to analyst estimates of $408.93 million. During the same quarter last year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was down 35.2% on a year-over-year basis.

Trinity Industries stock traded down $1.45 during mid-day trading on Thursday, reaching $26.84. 25,944 shares of the company’s stock were exchanged, compared to its average volume of 887,214. The business’s fifty day simple moving average is $28.76 and its 200 day simple moving average is $26.30. The company has a quick ratio of 1.61, a current ratio of 2.34 and a debt-to-equity ratio of 2.36. Trinity Industries has a one year low of $15.55 and a one year high of $33.77. The firm has a market capitalization of $2.97 billion, a PE ratio of -543.80 and a beta of 1.57.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Investors of record on Thursday, April 15th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend is Wednesday, April 14th. Trinity Industries’s payout ratio is 66.67%.

In related news, EVP Gregory B. Mitchell sold 5,000 shares of the business’s stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $28.31, for a total value of $141,550.00. Following the transaction, the executive vice president now directly owns 88,224 shares of the company’s stock, valued at approximately $2,497,621.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Adams sold 15,727 shares of the stock in a transaction dated Thursday, March 4th. The shares were sold at an average price of $30.09, for a total transaction of $473,225.43. Following the transaction, the director now owns 75,325 shares of the company’s stock, valued at approximately $2,266,529.25. The disclosure for this sale can be found here. In the last three months, insiders sold 31,577 shares of company stock worth $927,801. Insiders own 23.50% of the company’s stock.

A number of equities research analysts recently commented on the company. Cowen increased their price target on Trinity Industries from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, February 10th. Wells Fargo & Company increased their target price on shares of Trinity Industries from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, February 25th.

About Trinity Industries

Trinity Industries, Inc provides rail transportation products and services in North America. It operates through three segments: Railcar Leasing and Management Services Group, Rail Products Group, and All Other. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investor-owned fund; and provides fleet maintenance and management services to industrial shippers.

Recommended Story: Arbitrage

Earnings History for Trinity Industries (NYSE:TRN)

Receive News & Ratings for Trinity Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinity Industries and related companies with MarketBeat.com's FREE daily email newsletter.