Textainer Group Holdings Limited (NYSE:TGH) – Equities researchers at SunTrust Banks decreased their Q2 2017 earnings per share estimates for shares of Textainer Group Holdings Limited in a research note issued to investors on Thursday. SunTrust Banks analyst D. Mewhirter now forecasts that the transportation company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.14. SunTrust Banks currently has a “Buy” rating and a $16.00 price objective on the stock. SunTrust Banks also issued estimates for Textainer Group Holdings Limited’s Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.11 EPS.

Several other equities analysts have also recently commented on the company. Cowen and Company reiterated an “outperform” rating and set a $21.00 target price (down from $22.00) on shares of Textainer Group Holdings Limited in a research note on Friday. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Textainer Group Holdings Limited in a research note on Friday. Finally, Zacks Investment Research upgraded Textainer Group Holdings Limited from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.67.

Earnings History and Estimates for Textainer Group Holdings Limited (NYSE:TGH)

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Shares of Textainer Group Holdings Limited (NYSE:TGH) opened at 12.80 on Monday. Textainer Group Holdings Limited has a 12-month low of $6.90 and a 12-month high of $17.60. The firm’s 50-day moving average is $14.59 and its 200-day moving average is $11.86.

Textainer Group Holdings Limited (NYSE:TGH) last released its quarterly earnings data on Thursday, May 4th. The transportation company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.01. Textainer Group Holdings Limited had a negative return on equity of 2.45% and a negative net margin of 5.79%. The company had revenue of $116.87 million for the quarter, compared to analyst estimates of $115.15 million. During the same period in the previous year, the business posted $0.11 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year.

Several large investors have recently bought and sold shares of TGH. Dimensional Fund Advisors LP raised its stake in Textainer Group Holdings Limited by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 748,540 shares of the transportation company’s stock valued at $5,577,000 after buying an additional 46,913 shares in the last quarter. Grace & White Inc. NY raised its stake in Textainer Group Holdings Limited by 12.3% in the third quarter. Grace & White Inc. NY now owns 530,941 shares of the transportation company’s stock valued at $3,977,000 after buying an additional 58,255 shares in the last quarter. State Street Corp raised its stake in Textainer Group Holdings Limited by 17.2% in the fourth quarter. State Street Corp now owns 406,172 shares of the transportation company’s stock valued at $3,026,000 after buying an additional 59,500 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Textainer Group Holdings Limited by 18.9% in the first quarter. Ameriprise Financial Inc. now owns 339,749 shares of the transportation company’s stock valued at $5,198,000 after buying an additional 54,102 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Textainer Group Holdings Limited by 83.4% in the fourth quarter. Renaissance Technologies LLC now owns 220,100 shares of the transportation company’s stock valued at $1,640,000 after buying an additional 100,100 shares in the last quarter. 17.42% of the stock is currently owned by institutional investors and hedge funds.

About Textainer Group Holdings Limited

Textainer Group Holdings Limited is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers.

5 Day Chart for NYSE:TGH

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