Insider Selling: Marc Pearlin Unloads 1,500 Shares of TAL International Group Stock (TAL)
TAL International Group (NYSE:TAL) VP Marc Pearlin unloaded 1,500 shares of the company’s stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $42.97, for a total transaction of $64,455.00. Following the transaction, the vice president now directly owns 28,026 shares in the company, valued at approximately $1,204,277. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TAL International Group (NYSE:TAL) traded down 0.49% on Thursday, hitting $42.71. The stock had a trading volume of 195,627 shares. TAL International Group has a 52 week low of $40.35 and a 52 week high of $57.82. The stock has a 50-day moving average of $44.73 and a 200-day moving average of $43.67. The company has a market cap of $1.436 billion and a price-to-earnings ratio of 11.38.
TAL International Group (NYSE:TAL) last released its earnings data on Wednesday, July 23rd. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.01. The company had revenue of $144.72 million for the quarter, compared to the consensus estimate of $160.80 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts expect that TAL International Group will post $3.80 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 6.71%. The ex-dividend date of this dividend is Friday, August 29th.
A number of research firms have recently commented on TAL. Analysts at Zacks downgraded shares of TAL International Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 31st. They now have a $43.00 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of TAL International Group in a research note on Friday, July 25th. They now have a $42.00 price target on the stock, down previously from $43.00. Finally, analysts at Wells Fargo & Co. upgraded shares of TAL International Group from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $48.13.
TAL International Group, Inc is a lessor of intermodal containers and chassis. The Company has two segments: Equipment leasing, in which the Company owns, leases and disposes containers and chassis from its lease fleet, as well as manages containers owned by third parties, and Equipment trading, in which the Company purchases containers from shipping line customers, and other sellers of containers, and resells these containers to container traders and users of containers for storage or one-way shipment.
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