Trinity Industries (TRN) Releases FY 2019 Earnings Guidance

Trinity Industries (NYSE:TRN) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.15-1.35 for the period, compared to the Thomson Reuters consensus estimate of $1.28.

Several research firms have recently commented on TRN. Cowen restated a buy rating and issued a $47.00 target price on shares of Trinity Industries in a research note on Wednesday, October 24th. ValuEngine cut shares of Trinity Industries from a buy rating to a hold rating in a research note on Friday, October 26th. Mizuho set a $40.00 target price on shares of Trinity Industries and gave the stock a buy rating in a research note on Tuesday, October 30th. UBS Group upgraded shares of Trinity Industries from a hold rating to a buy rating in a research note on Tuesday, October 30th. Finally, Zacks Investment Research cut shares of Trinity Industries from a hold rating to a strong sell rating in a research note on Thursday, November 29th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $32.30.

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Shares of TRN traded up $0.39 during trading hours on Wednesday, reaching $25.99. The company had a trading volume of 2,712,414 shares, compared to its average volume of 1,659,788. The company has a quick ratio of 1.38, a current ratio of 2.50 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $3.75 billion, a PE ratio of 17.10, a P/E/G ratio of 2.01 and a beta of 2.23. Trinity Industries has a 12-month low of $18.99 and a 12-month high of $39.35.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Tuesday, January 15th were issued a $0.13 dividend. The ex-dividend date was Monday, January 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.00%. Trinity Industries’s dividend payout ratio is presently 34.21%.

In related news, Director Brandon B. Boze purchased 8,788 shares of the business’s stock in a transaction dated Friday, November 23rd. The stock was acquired at an average price of $22.00 per share, for a total transaction of $193,336.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brandon B. Boze purchased 120,895 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was bought at an average price of $21.92 per share, with a total value of $2,650,018.40. The disclosure for this purchase can be found here. Insiders bought a total of 469,428 shares of company stock valued at $10,287,760 in the last quarter. Insiders own 2.20% of the company’s stock.

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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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