Brokerages Expect Triton International Limited (TRTN) Will Post Quarterly Sales of $324.20 Million

Brokerages predict that Triton International Limited (NYSE:TRTN) will report sales of $324.20 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Triton International’s earnings. The lowest sales estimate is $323.90 million and the highest is $324.49 million. Triton International posted sales of $265.60 million in the same quarter last year, which suggests a positive year over year growth rate of 22.1%. The company is expected to issue its next quarterly earnings results on Thursday, May 10th.

According to Zacks, analysts expect that Triton International will report full year sales of $324.20 million for the current fiscal year, with estimates ranging from $1.36 billion to $1.37 billion. For the next financial year, analysts anticipate that the business will post sales of $1.52 billion per share, with estimates ranging from $1.52 billion to $1.53 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Triton International.

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Triton International (NYSE:TRTN) last announced its earnings results on Thursday, February 22nd. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.04. Triton International had a return on equity of 10.76% and a net margin of 29.83%. The business had revenue of $313.90 million for the quarter, compared to analyst estimates of $323.26 million. During the same quarter last year, the firm earned $0.21 EPS. Triton International’s revenue for the quarter was up 21.0% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the company. ValuEngine lowered Triton International from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Zacks Investment Research raised Triton International from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, March 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 target price on shares of Triton International in a research report on Tuesday, February 27th. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $41.83.

Shares of Triton International stock opened at $29.68 on Monday. Triton International has a 52-week low of $24.85 and a 52-week high of $43.85. The company has a market capitalization of $2,398.95, a P/E ratio of 10.68, a PEG ratio of 0.74 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 company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Monday, March 12th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date of this dividend was Friday, March 9th. Triton International’s dividend payout ratio is presently 64.75%.

In other Triton International news, President Simon R. Vernon sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $29.98, for a total transaction of $374,750.00. Following the transaction, 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 can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Boston Advisors LLC increased its position in shares of Triton International by 41.3% during the 4th quarter. Boston Advisors LLC now owns 278,066 shares of the company’s stock worth $10,414,000 after purchasing an additional 81,327 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in shares of Triton International during the 4th quarter worth approximately $380,000. Argent Capital Management LLC increased its position in shares of Triton International by 8.5% during the 3rd quarter. Argent Capital Management LLC now owns 83,620 shares of the company’s stock worth $2,783,000 after purchasing an additional 6,545 shares during the last quarter. Systematic Financial Management LP increased its position in shares of Triton International by 215.9% during 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. Finally, Second Curve Capital LLC increased its position in shares of Triton International by 333.3% during the 4th quarter. Second Curve Capital LLC now owns 208,008 shares of the company’s stock worth $7,790,000 after purchasing an additional 160,000 shares during the last quarter. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

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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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