Trinity Industries (NYSE:TRN) released its quarterly earnings data on Wednesday. The transportation company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03, Briefing.com reports. The company had revenue of $735.00 million during the quarter, compared to analyst estimates of $670.90 million. Trinity Industries had a net margin of 18.57% and a return on equity of 5.38%. Trinity Industries’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. Trinity Industries updated its FY 2019 guidance to $1.15-1.35 EPS and its FY19 guidance to $1.15-$1.35 EPS.

TRN stock traded down $0.38 during midday trading on Thursday, reaching $25.61. 127,296 shares of the company’s stock traded hands, compared to its average volume of 1,431,838. The firm has a market capitalization of $3.75 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 2.02 and a beta of 2.23. The company has a current ratio of 2.50, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71. Trinity Industries has a 52 week low of $18.99 and a 52 week high of $39.35.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, January 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.03%. Trinity Industries’s dividend payout ratio (DPR) is presently 34.21%.

Several research firms have recently weighed in on TRN. ValuEngine lowered shares of Trinity Industries from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Cowen reiterated a “buy” rating and issued a $30.00 price objective on shares of Trinity Industries in a research note on Wednesday. Mizuho set a $40.00 price objective on shares of Trinity Industries and gave the company a “buy” rating in a research note on Tuesday, October 30th. Stifel Nicolaus set a $34.00 price objective on shares of Trinity Industries and gave the company a “buy” rating in a research note on Saturday, November 17th. Finally, Zacks Investment Research lowered shares of Trinity Industries from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 29th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Trinity Industries has a consensus rating of “Hold” and an average price target of $30.11.

In other Trinity Industries news, insider Brandon B. Boze purchased 280,506 shares of the firm’s stock in a transaction on Monday, December 10th. The stock was acquired at an average price of $21.91 per share, for a total transaction of $6,145,886.46. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brandon B. Boze purchased 8,788 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were acquired at an average price of $22.00 per share, with a total value of $193,336.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 469,428 shares of company stock valued at $10,287,760 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of TRN. Advisors Asset Management Inc. grew its stake in shares of Trinity Industries by 16.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 43,411 shares of the transportation company’s stock worth $1,487,000 after acquiring an additional 6,166 shares in the last quarter. United Services Automobile Association grew its stake in shares of Trinity Industries by 5.9% in the 2nd quarter. United Services Automobile Association now owns 26,895 shares of the transportation company’s stock worth $921,000 after acquiring an additional 1,500 shares in the last quarter. Oakbrook Investments LLC bought a new stake in shares of Trinity Industries in the 3rd quarter worth $678,000. Cornerstone Wealth Management LLC bought a new stake in shares of Trinity Industries in the 3rd quarter worth $5,443,000. Finally, Balasa Dinverno & Foltz LLC bought a new stake in shares of Trinity Industries in the 3rd quarter worth $211,000. Hedge funds and other institutional investors own 81.64% of the company’s stock.

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Trinity Industries Company Profile

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.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Earnings History for Trinity Industries (NYSE:TRN)

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