Trinity Industries (TRN) to Release Quarterly Earnings on Thursday

Trinity Industries (NYSE:TRN) is scheduled to be posting its quarterly earnings results 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.Investors interested in registering for the company’s conference call can do so using this link.

Trinity Industries (NYSE:TRN) last released its earnings results on Thursday, August 1st. The transportation company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS.

Trinity Industries Trading Up 2.0 %

TRN opened at $36.15 on Tuesday. The stock has a market cap of $2.96 billion, a PE ratio of 24.26 and a beta of 1.39. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 4.39. The business has a 50 day moving average of $33.50 and a 200-day moving average of $31.39. Trinity Industries has a 52 week low of $20.35 and a 52 week high of $37.04.

Trinity Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Tuesday, October 15th. Trinity Industries’s payout ratio is presently 75.17%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TRN shares. Susquehanna cut Trinity Industries from a “positive” rating to a “neutral” rating and raised their target price for the company from $34.00 to $35.00 in a research note on Monday, October 21st. StockNews.com upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note 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.