Trinity Industries (NYSE:TRN) Announces Quarterly Earnings Results

Trinity Industries (NYSE:TRN - Get Free Report) issued its quarterly earnings data on Thursday. The transportation company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05, Briefing.com reports. The company had revenue of $798.80 million for the quarter, compared to analysts' expectations of $696.00 million. Trinity Industries had a net margin of 5.31% and a return on equity of 14.57%. Trinity Industries's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Trinity Industries updated its FY 2024 guidance to 1.700-1.800 EPS and its FY24 guidance to $1.70-$1.80 EPS.

Trinity Industries Trading Down 5.0 %

Shares of NYSE:TRN traded down $1.70 during midday trading on Friday, reaching $32.58. The company's stock had a trading volume of 704,768 shares, compared to its average volume of 480,974. Trinity Industries has a fifty-two week low of $21.17 and a fifty-two week high of $37.04. The company has a debt-to-equity ratio of 4.39, a quick ratio of 0.98 and a current ratio of 2.00. The firm has a 50 day moving average price of $33.77 and a two-hundred day moving average price of $31.60. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 15.89 and a beta of 1.39.

Trinity Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Tuesday, October 15th. Trinity Industries's dividend payout ratio (DPR) is presently 54.63%.

Analyst Upgrades and Downgrades

TRN has been the topic of a number of analyst reports. Susquehanna lowered Trinity Industries from a "positive" rating to a "neutral" rating and upped their price target for the company from $34.00 to $35.00 in a research report on Monday, October 21st. StockNews.com upgraded Trinity Industries from a "hold" rating to a "buy" rating in a report on Tuesday, September 10th.

Trinity Industries Company Profile

Trinity Industries, Inc provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services.