Trinity Industries Reports Quarterly Earnings, Exceeds Analyst Expectations

Trinity Industries (NYSE:TRN) announced its quarterly earnings on Thursday, reporting earnings per share (EPS) of $0.43. This figure surpassed analyst predictions, which estimated EPS at $0.38, thus beating expectations by $0.05.

For the quarter, the company generated revenue of $798.80 million, exceeding the consensus forecast of $696.00 million.

Trinity Industries achieved a return on equity of 13.66% and maintained a net margin of 4.98%. However, the company's revenue experienced a decline of 2.7% compared to the same quarter last year, when it reported EPS of $0.26.

Additionally, Trinity Industries updated its earnings guidance for the fiscal year 2024 to a range of $1.700 to $1.800 EPS.

Trinity Industries Stock Performance

Following the earnings announcement, Trinity Industries' stock fell by $1.70, bringing it down to $32.58 during midday trading on Friday. The trading volume reached 670,949 shares, surpassing the average volume of 546,738 shares.

The company's stock has a fifty-day simple moving average of $33.77 and a 200-day moving average of $31.56. With a market capitalization of approximately $2.69 billion, Trinity Industries has a price-to-earnings (P/E) ratio of 15.87 and a beta of 1.39. Over the past year, the stock has varied from a low of $21.17 to a high of $37.04. Its current ratio stands at 1.91, quick ratio at 0.98, and debt-to-equity ratio at 4.39.

Dividend Information

Recently, Trinity Industries declared a quarterly dividend of $0.28 per share, which was paid out on Thursday, October 31st. Shareholders who were on record by Tuesday, October 15th, received this dividend. This annualizes to $1.12, offering a dividend yield of 3.44%. The ex-dividend date for this payment was also set at October 15th. The company’s dividend payout ratio is currently 54.63%.

Analyst Ratings Review

Trinity Industries has been the focus of numerous analyst evaluations. Notably, StockNews.com upgraded the company’s shares from a “hold” rating to a “buy” rating on September 10th. In contrast, Susquehanna adjusted its rating from “positive” to “neutral” while increasing the price target from $34.00 to $35.00 on October 21st.

About Trinity Industries

Trinity Industries, Inc. provides products and services for rail transportation under the brand TrinityRail in North America. The company operates in two primary segments: Railcar Leasing and Management Services Group and Rail Products Group. The Railcar Leasing and Management Services Group specializes in leasing freight and tank railcars, managing railcar leases for third-party investors, and offering maintenance and management services for fleets.

Earnings, Trinity, Stocks