Trinity Industries (NYSE:TRN - Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Trinity Industries to post earnings of $0.38 per share and revenue of $589.30 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
Trinity Industries Stock Down 2.3 %
Shares of TRN traded down $0.82 during midday trading on Friday, hitting $34.35. The company had a trading volume of 737,332 shares, compared to its average volume of 447,556. The company's 50-day simple moving average is $36.73 and its 200-day simple moving average is $35.30. The firm has a market capitalization of $2.82 billion, a P/E ratio of 16.75 and a beta of 1.40. Trinity Industries has a 1 year low of $23.67 and a 1 year high of $39.83. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00.
Trinity Industries Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.30 per share. This is a boost from Trinity Industries's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.20 annualized dividend and a yield of 3.49%. Trinity Industries's payout ratio is presently 58.54%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. StockNews.com cut Trinity Industries from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. The Goldman Sachs Group assumed coverage on Trinity Industries in a research note on Monday, November 18th. They set a "neutral" rating and a $39.00 target price for the company. Finally, Susquehanna cut Trinity Industries from a "positive" rating to a "neutral" rating and boosted their target price for the stock from $34.00 to $35.00 in a research note on Monday, October 21st.
View Our Latest Report on Trinity Industries
About Trinity Industries
(
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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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