Brokerages expect Triton International Limited (NYSE:TRTN) to post $0.90 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Triton International’s earnings. The lowest EPS estimate is $0.86 and the highest is $0.94. Triton International posted earnings of $0.48 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 87.5%. The company is expected to announce its next earnings results on Thursday, May 10th.
On average, analysts expect that Triton International will report full-year earnings of $4.03 per share for the current financial year, with EPS estimates ranging from $3.85 to $4.15. For the next year, analysts forecast that the company will report earnings of $4.65 per share, with EPS estimates ranging from $4.50 to $4.88. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Triton International.
Triton International (NYSE:TRTN) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.04. Triton International had a net margin of 29.83% and a return on equity of 10.76%. The firm had revenue of $313.90 million for the quarter, compared to the consensus estimate of $323.26 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 21.0% on a year-over-year basis.
Several equities research analysts recently issued reports on TRTN shares. ValuEngine raised shares of Triton International from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $39.00 price target on shares of Triton International in a research note on Tuesday, February 27th. SunTrust Banks reissued a “buy” rating and issued a $48.00 target price on shares of Triton International in a research report on Friday, February 23rd. Finally, Zacks Investment Research raised shares of Triton International from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Thursday, March 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Triton International currently has a consensus rating of “Buy” and a consensus target price of $41.83.
In other news, President Simon R. Vernon sold 12,500 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $29.98, for a total value of $374,750.00. Following the completion of the sale, the president now owns 160,645 shares of the company’s stock, valued at approximately $4,816,137.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TRTN. Systematic Financial Management LP increased its position in shares of Triton International by 215.9% in the 4th quarter. Systematic Financial Management LP now owns 1,127,335 shares of the company’s stock worth $42,219,000 after purchasing an additional 770,431 shares during the last quarter. Hamilton Lane Advisors LLC bought a new stake in shares of Triton International in the 4th quarter worth about $7,249,000. Second Curve Capital LLC boosted its holdings in shares of Triton International by 333.3% in the 4th quarter. Second Curve Capital LLC now owns 208,008 shares of the company’s stock valued at $7,790,000 after buying an additional 160,000 shares during the period. Boston Advisors LLC boosted its holdings in shares of Triton International by 41.3% in the 4th quarter. Boston Advisors LLC now owns 278,066 shares of the company’s stock valued at $10,414,000 after buying an additional 81,327 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Triton International by 16.8% in the 4th quarter. Geode Capital Management LLC now owns 436,484 shares of the company’s stock valued at $16,346,000 after buying an additional 62,673 shares during the period. 65.83% of the stock is owned by institutional investors.
Triton International stock opened at $29.68 on Friday. Triton International has a 12-month low of $24.85 and a 12-month high of $43.85. The firm has a market cap of $2,509.68, a P/E ratio of 11.17, a PEG ratio of 0.77 and a beta of 2.63. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 3.13.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Monday, March 12th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend was Friday, March 9th. Triton International’s payout ratio is currently 64.75%.
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Triton International Company Profile
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment 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, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.
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