Brokerages forecast that Triton International Limited (NYSE:TRTN) will report $0.81 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Triton International’s earnings, with the lowest EPS estimate coming in at $0.78 and the highest estimate coming in at $0.85. Triton International posted earnings per share of $0.21 during the same quarter last year, which would suggest a positive year-over-year growth rate of 285.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, March 13th.
According to Zacks, analysts expect that Triton International will report full year earnings of $2.75 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.79. For the next year, analysts expect that the business will report earnings of $3.78 per share, with EPS estimates ranging from $3.60 to $3.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Triton International.
Triton International (NYSE:TRTN) last announced its earnings results on Wednesday, November 8th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The company had revenue of $302.10 million for the quarter, compared to analysts’ expectations of $301.71 million. The business’s revenue for the quarter was up 7.2% on a year-over-year basis.
Several equities research analysts have issued reports on the stock. Cowen lifted their target price on shares of Triton International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. SunTrust Banks lifted their target price on shares of Triton International from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. BidaskClub raised shares of Triton International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Wells Fargo & Co lifted their target price on shares of Triton International from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research raised shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, November 14th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Triton International has an average rating of “Buy” and a consensus price target of $44.00.
Shares of Triton International (NYSE TRTN) traded up $1.58 on Friday, reaching $41.32. 669,200 shares of the company’s stock traded hands, compared to its average volume of 406,700. Triton International has a 52 week low of $18.27 and a 52 week high of $43.85. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $3,330.00 and a PE ratio of 87.91.
The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.80 annualized dividend and a dividend yield of 4.36%. Triton International’s payout ratio is 382.98%.
In other news, Director Claude Germain sold 1,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $38.18, for a total transaction of $57,270.00. Following the transaction, the director now owns 30,080 shares of the company’s stock, valued at approximately $1,148,454.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Michelle Gallagher sold 1,000 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the transaction, the vice president now directly owns 23,158 shares in the company, valued at approximately $926,320. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,500 shares of company stock worth $500,370. Corporate insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in Triton International in the 3rd quarter valued at about $214,000. SG Americas Securities LLC purchased a new stake in Triton International in the 3rd quarter valued at about $289,000. Quotient Investors LLC purchased a new stake in Triton International in the 3rd quarter valued at about $445,000. UBS Asset Management Americas Inc. raised its holdings in Triton International by 60.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after buying an additional 6,291 shares during the period. Finally, American International Group Inc. raised its holdings in Triton International by 8.1% in the 3rd quarter. American International Group Inc. now owns 29,130 shares of the company’s stock valued at $969,000 after buying an additional 2,178 shares during the period. Hedge funds and other institutional investors own 63.28% of the company’s stock.
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About Triton International
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.
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