Trinity Industries (TRN) to Release Earnings on Thursday

Trinity Industries (NYSE:TRN) will likely be announcing its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $589.30 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Trinity Industries Stock Down 4.6 %

NYSE TRN opened at $35.50 on Thursday. Trinity Industries has a twelve month low of $23.67 and a twelve month high of $39.83. The company has a debt-to-equity ratio of 4.39, a quick ratio of 1.08 and a current ratio of 2.00. The stock has a market cap of $2.92 billion, a PE ratio of 17.32 and a beta of 1.40. The firm has a 50-day simple moving average of $36.84 and a 200 day simple moving average of $35.25.

Trinity Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a $0.30 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio (DPR) is currently 58.54%.

Analysts Set New Price Targets

Several research analysts recently commented on TRN shares. StockNews.com cut Trinity Industries from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Susquehanna cut shares of Trinity Industries from a “positive” rating to a “neutral” rating and increased their price objective for the company from $34.00 to $35.00 in a research note on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on shares of Trinity Industries in a report on Monday, November 18th. They set a “neutral” rating and a $39.00 price objective for the company.

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.