Revenue Update on Trinity Industries Inc(NYSE:TRN)

Trinity Industries Inc(NYSE:TRN) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $1.19B. Analysts estimated a revenue of $1.18B. Earnings per share were $0.62. Analysts had estimated an EPS of $0.48.

Trinity Industries Inc (TRN) made into the market gainers list on Wednesdays trading session with the shares advancing 1.05% or 0.22 points. Due to strong positive momentum, the stock ended at $21.08, which is also near the day’s high of $21.15. The stock began the session at $20.8 and the volume stood at 42,30,278 shares. The 52-week high of the shares is $30.38 and the 52 week low is $14.94. The company has a current market capitalization of $3,179 M and it has 15,08,06,220 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 3, 2015, D Stephen Menzies (Senior Vice President) sold 101,296 shares at $27.46 per share price.Also, On May 6, 2015, Timothy R Wallace (CEO) purchased 20,000 shares at $29.44 per share price.On May 6, 2015, James E Perry (CFO) purchased 10,000 shares at $29.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Trinity Industries Inc. is a diversified industrial company that owns businesses providing products and services to the energy transportation chemical and construction sectors. The Company’s products and services include railcars and railcar parts the leasing management and maintenance of railcars inland barges highway products aggregates storage and distribution containers structural wind towers electric utility structures and parts and steel components. The Company operates under the following segments: the Rail Group Construction Products Group Inland Barge Group Energy Equipment Group Railcar Leasing and Management Services Group and All Other. The Company caters to concrete producers which include commercial residential highway contractors manufacturers of masonry products and state and local municipalities. It also caters to commercial marine transportation companies wind turbine producers dealers and industrial users.

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