NEW YORK (TheStreet) -- Trinity Industries (TRN) shares are up 2.1% to $45.98 in after-hours trading after the company reported a 39% increase in second quarter revenue over the previous year to $1.5 billion, beating analysts estimates of $1.4 billion.
The rail car leasing company reported a 95% increase in net income to $164.2 million, or 1.01 per diluted share, well ahead of analysts expectations of 77 cents per share.
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 robust revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."