Zacks: Brokerages Expect Triton International Limited (TRTN) Will Announce Quarterly Sales of $281.60 Million
Analysts forecast that Triton International Limited (NASDAQ:TRTN) will post $281.60 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Triton International Limited’s earnings. The lowest sales estimate is $279.20 million and the highest is $284.00 million. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 10th.
On average, analysts expect that Triton International Limited will report full year sales of $281.60 million for the current financial year, with estimates ranging from $1.13 billion to $1.14 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.25 billion per share, with estimates ranging from $1.23 billion to $1.27 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Triton International Limited.
TRTN has been the subject of a number of research analyst reports. Zacks Investment Research lowered Triton International Limited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 price target on shares of Triton International Limited in a report on Friday, May 12th. Cowen and Company reiterated an “outperform” rating and set a $30.00 price target on shares of Triton International Limited in a report on Thursday, March 16th. SunTrust Banks, Inc. upped their price target on Triton International Limited from $26.00 to $28.00 and gave the stock a “positive” rating in a report on Wednesday, March 15th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $36.00 price target (up from $32.00) on shares of Triton International Limited in a report on Monday, May 15th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $33.17.
In other news, CFO John Burns sold 26,300 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $30.02, for a total transaction of $789,526.00. Following the completion of the transaction, the chief financial officer now directly owns 121,126 shares in the company, valued at $3,636,202.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kevin Valentine sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $32.50, for a total value of $65,000.00. Following the transaction, the insider now owns 63,705 shares of the company’s stock, valued at $2,070,412.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,825 shares of company stock valued at $2,090,959.
Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Triton International Limited during the fourth quarter worth approximately $2,883,000. Advisory Services Network LLC purchased a new position in shares of Triton International Limited during the first quarter worth approximately $1,067,000. Ameriprise Financial Inc. purchased a new position in shares of Triton International Limited during the first quarter worth approximately $16,504,000. Camelot Portfolios LLC raised its position in shares of Triton International Limited by 22.4% in the first quarter. Camelot Portfolios LLC now owns 68,809 shares of the company’s stock worth $1,775,000 after buying an additional 12,592 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in shares of Triton International Limited during the first quarter worth approximately $1,049,000.
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Shares of Triton International Limited (NASDAQ:TRTN) opened at 32.53 on Friday. Triton International Limited has a 52 week low of $11.50 and a 52 week high of $34.49. The company has a 50 day moving average of $30.49 and a 200-day moving average of $25.52.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 22nd. Stockholders of record on Thursday, June 1st were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, May 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.53%.
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