Zacks: Analysts Anticipate Trinity Industries Inc (TRN) Will Announce Earnings of $0.22 Per Share

Equities research analysts predict that Trinity Industries Inc (NYSE:TRN) will report earnings per share of $0.22 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Trinity Industries’ earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.19. Trinity Industries posted earnings per share of $0.30 in the same quarter last year, which suggests a negative year over year growth rate of 26.7%. The company is expected to announce its next quarterly earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that Trinity Industries will report full-year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.40. For the next year, analysts expect that the company will report earnings of $1.64 per share, with EPS estimates ranging from $1.55 to $1.85. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Trinity Industries.

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Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, February 21st. The transportation company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. Trinity Industries had a net margin of 19.15% and a return on equity of 5.34%. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm earned $0.44 EPS. Trinity Industries’s revenue was down 17.9% on a year-over-year basis.

TRN has been the topic of a number of recent analyst reports. Cowen boosted their price target on shares of Trinity Industries from $36.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 13th. Stifel Nicolaus restated a “buy” rating and set a $43.00 price target on shares of Trinity Industries in a research report on Friday, December 22nd. ValuEngine upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, January 2nd. Finally, Seaport Global Securities initiated coverage on shares of Trinity Industries in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.75.

TRN stock opened at $31.65 on Friday. Trinity Industries has a 52 week low of $25.05 and a 52 week high of $38.25. The stock has a market cap of $4,773.55, a price-to-earnings ratio of 20.82, a P/E/G ratio of 2.41 and a beta of 2.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.43 and a current ratio of 3.47.

Trinity Industries announced that its board has approved a share repurchase program on Tuesday, December 12th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.64%. Trinity Industries’s payout ratio is currently 34.21%.

In other Trinity Industries news, major shareholder Valueact Capital Master Fund, bought 447,505 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The shares were acquired at an average cost of $32.63 per share, for a total transaction of $14,602,088.15. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Holdings L.P. Valueact bought 300,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was acquired at an average price of $32.86 per share, for a total transaction of $9,858,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 2,624,387 shares of company stock worth $86,077,631 over the last quarter. Insiders own 2.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. HL Financial Services LLC increased its position in shares of Trinity Industries by 1.6% in the fourth quarter. HL Financial Services LLC now owns 95,994 shares of the transportation company’s stock worth $3,596,000 after acquiring an additional 1,504 shares in the last quarter. Amalgamated Bank increased its position in shares of Trinity Industries by 6.0% in the fourth quarter. Amalgamated Bank now owns 30,395 shares of the transportation company’s stock worth $1,139,000 after acquiring an additional 1,731 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Trinity Industries by 0.7% in the fourth quarter. California State Teachers Retirement System now owns 259,651 shares of the transportation company’s stock worth $9,727,000 after acquiring an additional 1,743 shares in the last quarter. Quantitative Systematic Strategies LLC increased its position in shares of Trinity Industries by 15.9% in the fourth quarter. Quantitative Systematic Strategies LLC now owns 14,355 shares of the transportation company’s stock worth $538,000 after acquiring an additional 1,970 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Trinity Industries by 1.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 124,871 shares of the transportation company’s stock worth $4,678,000 after acquiring an additional 2,276 shares in the last quarter. 87.42% of the stock is currently owned by institutional investors and hedge funds.

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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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