TAL International Group SVP Adrian Dunner Unloads 8,000 Shares (TAL)
TAL International Group (NYSE:TAL) SVP Adrian Dunner sold 8,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $45.10, for a total transaction of $360,800.00. Following the sale, the senior vice president now directly owns 81,976 shares in the company, valued at approximately $3,697,118. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TAL International Group (NYSE:TAL) traded up 1.73% on Monday, hitting $45.93. The stock had a trading volume of 254,519 shares. TAL International Group has a 1-year low of $40.35 and a 1-year high of $57.82. The stock’s 50-day moving average is $44.64 and its 200-day moving average is $43.67. The company has a market cap of $1.544 billion and a P/E ratio of 11.98.
TAL International Group (NYSE:TAL) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.95 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Analysts expect that TAL International Group will post $3.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 6.27%. The ex-dividend date is Friday, August 29th.
Several analysts have recently commented on the stock. 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 assigned a hold rating and two have assigned a buy rating to the company. TAL International Group currently has an average rating of “Hold” and an average target price 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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