Trinity Industries (TRN) Declares Quarterly Dividend of $0.11
Trinity Industries (NYSE:TRN) announced a quarterly dividend on Tuesday, March 12th. Investors of record on Monday, April 15th will be paid a dividend of $0.11 per share on Tuesday, April 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.99%.
Several analysts have also recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of Trinity Industries from $30.00 to $40.00 in a research note to investors on Friday, February 22nd. On the ratings front, analysts at Raymond James downgraded shares of Trinity Industries from a “strong-buy” rating to an “outperform” rating in a research note to investors on Wednesday, February 20th. They now have a $47.00 price target on the stock, up previously from $39.00. Finally, analysts at UBS AG downgraded shares of Trinity Industries from a “buy” rating to a “neutral” rating in a research note to investors on Friday, February 8th. They now have a $41.00 price target on the stock, up previously from $38.00.
Four analysts have rated the stock with a buy rating, one has issued an overweight rating, and six have given a hold rating to the company. The company currently has a consensus rating of “overweight” and an average price target of $43.71.
Shares of Trinity Industries (TRN) traded down 1.14% during mid-day trading on Tuesday, hitting $44.31. Trinity Industries (TRN) has a 52 week low of $21.53 and a 52 week high of $44.86. The stock’s 50-day moving average is currently $41.4. The company has a market cap of $3.506 billion and a P/E ratio of 14.04.
Trinity Industries last posted its quarterly earnings results on Wednesday, February 20th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.06. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Trinity Industries has set its Q1 guidance at $0.75-0.82 EPS and its FY13 guidance at $3.45-3.75 EPS. On average, analysts predict that Trinity Industries (TRN) will post $3.78 earnings per share for the current fiscal year.
Trinity Industries, Inc. (Trinity) is a multi-industry company that owns a variety of businesses, which provide products and services to the industrial, energy, transportation, and construction sectors.
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