Analysts forecast that Triton International Limited (NYSE:TRTN) will post sales of $321.95 million for the current quarter, Zacks reports. Two analysts have provided estimates for Triton International’s earnings, with the lowest sales estimate coming in at $321.50 million and the highest estimate coming in at $322.40 million. Triton International reported sales of $259.55 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 24%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, February 22nd.
On average, analysts expect that Triton International will report full-year sales of $321.95 million for the current year. For the next fiscal year, analysts forecast that the business will post sales of $1.40 billion per share, with estimates ranging from $1.38 billion to $1.42 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Triton International.
Several research firms have recently issued reports on TRTN. Cowen upped 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 upped 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 upgraded shares of Triton International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Wells Fargo & Co upped 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 upgraded shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Triton International presently has a consensus rating of “Buy” and a consensus price target of $44.00.
In other Triton International news, Director Claude Germain sold 1,500 shares of the 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 completion of the transaction, the director now owns 30,080 shares in the company, valued at $1,148,454.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Vanguard Capital Wealth Advisors purchased a new stake in shares of Triton International in the fourth quarter worth about $475,000. Teachers Advisors LLC lifted its holdings in shares of Triton International by 5.8% in the fourth quarter. Teachers Advisors LLC now owns 112,676 shares of the company’s stock worth $4,220,000 after buying an additional 6,186 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Triton International by 6.6% in the fourth quarter. California State Teachers Retirement System now owns 74,183 shares of the company’s stock worth $2,778,000 after buying an additional 4,596 shares in the last quarter. Second Curve Capital LLC lifted its holdings in shares of Triton International by 333.3% in the fourth quarter. Second Curve Capital LLC now owns 208,008 shares of the company’s stock worth $7,790,000 after buying an additional 160,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Triton International by 16.8% in the fourth quarter. Geode Capital Management LLC now owns 436,484 shares of the company’s stock worth $16,346,000 after buying an additional 62,673 shares in the last quarter. 64.01% of the stock is currently owned by hedge funds and other institutional investors.
Triton International (NYSE:TRTN) opened at $28.17 on Friday. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.33 and a current ratio of 1.33. Triton International has a 1-year low of $21.77 and a 1-year high of $43.85. The firm has a market cap of $2,307.65, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 0.76 and a beta of 2.60.
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Triton International Company Profile
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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