Trinity Industries (NYSE:TRN - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Trinity Industries has set its FY24 guidance at $1.55-1.75 EPS and its FY 2024 guidance at 1.550-1.750 EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.
Trinity Industries (NYSE:TRN - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.32. The company had revenue of $841.40 million during the quarter, compared to analysts' expectations of $738.00 million. Trinity Industries had a return on equity of 13.66% and a net margin of 4.98%. Trinity Industries's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share.
Trinity Industries Stock Performance
TRN stock traded up $1.00 during mid-day trading on Thursday, hitting $35.76. 534,426 shares of the company were exchanged, compared to its average volume of 549,398. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39. The stock has a market capitalization of $2.93 billion, a PE ratio of 24.00 and a beta of 1.39. Trinity Industries has a 1-year low of $20.04 and a 1-year high of $37.04. The business has a 50 day simple moving average of $33.37 and a 200-day simple moving average of $31.25.
Trinity Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.13%. The ex-dividend date is Tuesday, October 15th. Trinity Industries's payout ratio is 75.17%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. StockNews.com upgraded Trinity Industries from a "hold" rating to a "buy" rating in a report on Tuesday, September 10th. Susquehanna lowered Trinity Industries from a "positive" rating to a "neutral" rating and lifted their price objective for the stock from $34.00 to $35.00 in a report on Monday.
View Our Latest Report on TRN
Trinity Industries Company Profile
(
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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.
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