Trinity Industries (NYSE:TRN) Releases FY24 Earnings Guidance

Trinity Industries (NYSE:TRN) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.70-$1.80 for the period, compared to the consensus estimate of $1.75. Trinity Industries also updated its FY 2024 guidance to 1.700-1.800 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com upgraded Trinity Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Susquehanna downgraded Trinity Industries from a “positive” rating to a “neutral” rating and upped their price objective for the company from $34.00 to $35.00 in a research note on Monday, October 21st.

Trinity Industries Stock Down 5.0 %

Shares of NYSE TRN opened at $32.58 on Friday. Trinity Industries has a one year low of $21.17 and a one year high of $37.04. The company has a debt-to-equity ratio of 4.39, a current ratio of 2.00 and a quick ratio of 0.98. The business’s fifty day moving average price is $33.77 and its 200-day moving average price is $31.64. The stock has a market capitalization of $2.69 billion, a PE ratio of 15.89 and a beta of 1.39.

Trinity Industries (NYSE:TRN) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. Trinity Industries had a return on equity of 14.57% and a net margin of 5.31%. The firm had revenue of $798.80 million for the quarter, compared to analysts’ expectations of $696.00 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Trinity Industries will post 1.65 EPS for the current year.

Trinity Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, October 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.44%. Trinity Industries’s dividend payout ratio is presently 54.63%.

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.