Triton International (NYSE:TRTN) released its quarterly earnings results on Thursday. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.05, Briefing.com reports. Triton International had a net margin of 14.44% and a return on equity of 8.50%. The firm had revenue of $313.90 million during the quarter, compared to analyst estimates of $323.26 million. During the same quarter last year, the business earned $0.21 EPS. The company’s revenue was up 21.0% compared to the same quarter last year.
Triton International (TRTN) traded down $0.40 during midday trading on Thursday, reaching $28.16. 607,760 shares of the company traded hands, compared to its average volume of 655,656. Triton International has a twelve month low of $21.77 and a twelve month high of $43.85. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 3.34. The firm has a market cap of $2,300.00 and a P/E ratio of 59.91.
Several brokerages have recently commented on TRTN. BidaskClub raised shares of Triton International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. ValuEngine downgraded shares of Triton International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Cowen raised their price objective on shares of Triton International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Zacks Investment Research raised shares of Triton International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, November 14th. Finally, Wells Fargo & Co raised their price objective on shares of Triton International from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Two 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.
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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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