NEW YORK (TheStreet) -- Trinity Industries (TRN) hit an all-time high of $67.62 Thursday after the rail car manufacturer reported fourth-quarter results and issued guidance that surpassed analysts' expectations.
Net income surged in the fourth quarter to $112.8 million, or $1.44 per share, from $71.3 million, or 90 cents per share, in the same period one year earlier. Net income from continuing operations also spiked year over year to $118.9 million, or $1.43 a share, from $71 million, or 90 cents a share. Revenue increased 24% year over year to $1.26 billion from $1.01 billion.
Analysts polled by Thomson Reuters expected earnings per share of $1.41 on revenue of $1.22 billion.
For first quarter of the fiscal year 2014, the company expects EPS of $2.45 to $2.65, which easily beats analysts' estimates of $2.05. For the full year, Trinity anticipates EPS of $6.30 to $7.00, while analysts expect $6.02.
TheStreet Ratings team rates TRINITY INDUSTRIES as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRINITY INDUSTRIES (TRN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."