Equities research analysts expect that Textainer Group Holdings Limited (NYSE:TGH) will post earnings of $0.37 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Textainer Group’s earnings. Textainer Group reported earnings per share of $0.26 in the same quarter last year, which would suggest a positive year over year growth rate of 42.3%. The business is scheduled to issue its next quarterly earnings results on Friday, November 2nd.
According to Zacks, analysts expect that Textainer Group will report full-year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.34. For the next year, analysts anticipate that the business will post earnings of $1.54 per share, with EPS estimates ranging from $1.50 to $1.57. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Textainer Group.
Textainer Group (NYSE:TGH) last posted its earnings results on Friday, November 2nd. The transportation company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Textainer Group had a net margin of 10.01% and a return on equity of 5.82%. The firm had revenue of $149.40 million for the quarter, compared to the consensus estimate of $145.54 million. During the same period in the previous year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 19.1% on a year-over-year basis.
A number of analysts have recently weighed in on the stock. Cowen restated an “outperform” rating and issued a $20.00 target price (down from $22.00) on shares of Textainer Group in a report on Monday. Wells Fargo & Co downgraded shares of Textainer Group from a “market perform” rating to an “underperform” rating and set a $11.00 target price on the stock. in a report on Friday, September 28th. Zacks Investment Research downgraded shares of Textainer Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 14th. TheStreet upgraded shares of Textainer Group from a “d+” rating to a “c” rating in a report on Wednesday, August 8th. Finally, ValuEngine downgraded shares of Textainer Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Textainer Group currently has an average rating of “Hold” and an average target price of $18.33.
Shares of Textainer Group stock traded down $0.02 during trading hours on Monday, reaching $11.63. The company’s stock had a trading volume of 96,500 shares, compared to its average volume of 201,672. Textainer Group has a one year low of $10.58 and a one year high of $26.50. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 2.17. The company has a market cap of $665.18 million, a PE ratio of 28.37 and a beta of 2.57.
A number of large investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in Textainer Group by 217.5% during the 3rd quarter. Wells Fargo & Company MN now owns 57,127 shares of the transportation company’s stock valued at $731,000 after purchasing an additional 39,137 shares during the last quarter. Waratah Capital Advisors Ltd. bought a new position in Textainer Group during the 3rd quarter valued at about $178,000. Massachusetts Financial Services Co. MA grew its holdings in Textainer Group by 29.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 722,540 shares of the transportation company’s stock valued at $9,249,000 after purchasing an additional 162,964 shares during the last quarter. Grace & White Inc. NY grew its holdings in Textainer Group by 43.5% during the 3rd quarter. Grace & White Inc. NY now owns 249,814 shares of the transportation company’s stock valued at $3,197,000 after purchasing an additional 75,759 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Textainer Group by 2.8% during the 2nd quarter. Northern Trust Corp now owns 204,985 shares of the transportation company’s stock valued at $3,259,000 after purchasing an additional 5,531 shares during the last quarter. Institutional investors own 25.24% of the company’s stock.
Textainer Group Company Profile
Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.
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