Textainer Group Holdings (TGH) Announces Quarterly Results
Textainer Group Holdings (NYSE:TGH) released its earnings data on Tuesday. The company reported $0.76 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.80 by $0.04, American Banking News.com reports. The company had revenue of $137.50 million for the quarter, compared to the consensus estimate of $133.66 million. During the same quarter last year, the company posted $1.03 earnings per share. Textainer Group Holdings’s revenue was up 8.0% compared to the same quarter last year.
Several analysts have recently commented on the stock. Analysts at Bank of America downgraded shares of Textainer Group Holdings to an “underperform” rating in a research note on Wednesday, January 15th. Finally, analysts at Zacks upgraded shares of Textainer Group Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 7th. They now have a $39.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $38.90.
Textainer Group Holdings (NYSE:TGH) opened at 35.27 on Tuesday. Textainer Group Holdings has a 1-year low of $33.53 and a 1-year high of $43.96. The stock’s 50-day moving average is $37.23 and its 200-day moving average is $37.14. The company has a market cap of $1.988 billion and a P/E ratio of 10.14.
Textainer Group Holdings Limited (NYSE:TGH) is a holding company engaged in the purchase, management, leasing and resale of a fleet of marine cargo containers.
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