Trinity Industries, Inc. Announces Strong Fourth Quarter and Record Full Year 2015 Results
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February 22, 2016 9:36 AM EST
Stifel analyst, Michael Baudendistel, cut his estimates dramatically on Trinity Industries (NYSE: TRN) after it cut guidance by more than 40% for 2016. No change to Buy rating because of the valuation but the analyst acknowledges that the fundamentals could deteriorate further.
4Q15 EPS of $1.30 were above the Street consensus of $1.09, but benefited by roughly $0.22 from higher than expected gains on sale of railcars.
The... More
February 18, 2016 4:21 PM EST
Trinity Industries (NYSE: TRN) reported Q4 EPS of $1.30, $0.21 better than the analyst estimate of $1.09. Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.6 billion.
GUIDANCE:
Trinity Industries sees FY2016 EPS of $2.00-$2.40, versus the consensus of $3.64.
During 2015, Trinity reported its... More
