Trinity Industries (TRN) to Release Quarterly Earnings on Thursday

Trinity Industries (NYSE:TRN) is set to post 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 that wish to listen to the company’s conference call can do so using this link.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping 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 business’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 earnings per share.

Trinity Industries Price Performance

Shares of NYSE TRN opened at $34.76 on Thursday. The business’s 50 day moving average is $33.37 and its 200-day moving average is $31.25. The firm has a market cap of $2.87 billion, a P/E ratio of 17.92 and a beta of 1.39. Trinity Industries has a 1-year low of $20.04 and a 1-year high of $37.04. The company has a current ratio of 1.91, a quick ratio of 0.98 and a debt-to-equity ratio of 4.39.

Trinity Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, October 15th. Trinity Industries’s payout ratio is 57.73%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of Trinity Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Susquehanna cut shares of Trinity Industries from a “positive” rating to a “neutral” rating and raised their target price for the stock from $34.00 to $35.00 in a report on Monday.

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.