Trinity Industries Inc (NYSE:TRN) – Stock analysts at KeyCorp lifted their Q4 2018 earnings per share (EPS) estimates for Trinity Industries in a report issued on Sunday, October 28th. KeyCorp analyst S. Barger now forecasts that the transportation company will post earnings of $0.49 per share for the quarter, up from their prior estimate of $0.42. KeyCorp also issued estimates for Trinity Industries’ Q1 2019 earnings at $0.49 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.45 EPS and Q4 2019 earnings at $0.56 EPS.
Several other equities analysts have also weighed in on the stock. Buckingham Research increased their price objective on shares of Trinity Industries from $41.00 to $45.00 and gave the company a “buy” rating in a report on Friday, July 27th. Stifel Nicolaus increased their price objective on shares of Trinity Industries from $45.00 to $47.00 and gave the company a “buy” rating in a report on Friday, October 5th. Vertical Group upgraded shares of Trinity Industries from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. UBS Group lowered shares of Trinity Industries from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Finally, TheStreet upgraded shares of Trinity Industries from a “c+” rating to a “b” rating in a report on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $40.22.
Trinity Industries (NYSE:TRN) last released its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.02). Trinity Industries had a net margin of 18.57% and a return on equity of 5.38%. The company had revenue of $930.90 million for the quarter, compared to the consensus estimate of $969.60 million. During the same period last year, the company earned $0.43 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new stake in Trinity Industries in the second quarter worth $130,000. Cerebellum GP LLC acquired a new stake in Trinity Industries in the second quarter worth $176,000. Oppenheimer & Co. Inc. acquired a new stake in Trinity Industries in the third quarter worth $202,000. Fulton Bank N.A. acquired a new stake in Trinity Industries in the third quarter worth $206,000. Finally, KBC Group NV raised its holdings in Trinity Industries by 108.0% in the second quarter. KBC Group NV now owns 5,637 shares of the transportation company’s stock worth $193,000 after purchasing an additional 2,927 shares during the period. Institutional investors own 83.96% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Monday, October 15th were issued a $0.13 dividend. The ex-dividend date was Friday, October 12th. This represents a $0.52 annualized dividend and a yield of 1.82%. Trinity Industries’s dividend payout ratio is currently 34.21%.
About Trinity Industries
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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