Trinity Industries (TRN) Expected to Announce Quarterly Earnings on Thursday

Trinity Industries (NYSE:TRN) is anticipated to issue its quarterly earnings data 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. Parties interested in registering for the company’s conference call can do so using this link.

Trinity Industries Stock Performance

Shares of Trinity Industries stock opened at $34.63 on Wednesday. The company has a market capitalization of $2.85 billion, a PE ratio of 16.89 and a beta of 1.40. Trinity Industries has a 12 month low of $23.67 and a 12 month high of $39.83. The company has a current ratio of 2.00, a quick ratio of 1.08 and a debt-to-equity ratio of 4.39. The stock’s fifty day simple moving average is $36.67 and its 200 day simple moving average is $35.28.

Trinity Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.47%. The ex-dividend date was Wednesday, January 15th. This is an increase from Trinity Industries’s previous quarterly dividend of $0.28. Trinity Industries’s dividend payout ratio (DPR) is presently 58.54%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com downgraded Trinity Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. The Goldman Sachs Group assumed coverage on Trinity Industries in a research note on Monday, November 18th. They issued a “neutral” rating and a $39.00 price target on the stock.

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.