Triton International Limited (TRTN) Posts Earnings Results
Triton International Limited (NASDAQ:TRTN) released its quarterly earnings results on Tuesday. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05, Morningstar.com reports. The company had revenue of $281.90 million during the quarter, compared to the consensus estimate of $281.09 million. During the same quarter last year, the firm posted $0.88 EPS. The company’s quarterly revenue was up 78.1% on a year-over-year basis.
Shares of Triton International Limited (TRTN) opened at 36.76 on Wednesday. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $37.81. The company has a 50 day moving average price of $34.26 and a 200-day moving average price of $28.34.
Several equities research analysts recently commented on the company. Zacks Investment Research upgraded Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Thursday, July 27th. Cowen and Company reaffirmed an “outperform” rating and set a $40.00 price target on shares of Triton International Limited in a research note on Monday, June 19th. Bank of America Corporation reaffirmed a “buy” rating and set a $36.00 price target (up from $32.00) on shares of Triton International Limited in a research note on Monday, May 15th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $28.00 price objective on shares of Triton International Limited in a research note on Friday, May 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Triton International Limited presently has a consensus rating of “Buy” and a consensus price target of $34.00.
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In related news, Director Robert W. Alspaugh sold 5,525 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $29.91, for a total value of $165,252.75. Following the sale, the director now directly owns 28,487 shares of the company’s stock, valued at approximately $852,046.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin Valentine sold 2,000 shares of the stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $27.49, for a total transaction of $54,980.00. Following the completion of the sale, the insider now directly owns 69,705 shares in the company, valued at $1,916,190.45. The disclosure for this sale can be found here. Insiders have sold a total of 15,525 shares of company stock worth $470,233 over the last 90 days.
A number of hedge funds have recently bought and sold shares of TRTN. Russell Investments Group Ltd. bought a new position in shares of Triton International Limited during the fourth quarter worth approximately $172,000. Karp Capital Management Corp bought a new position in shares of Triton International Limited during the first quarter worth approximately $221,000. Pillar Pacific Capital Management LLC bought a new position in shares of Triton International Limited during the second quarter worth approximately $301,000. Tudor Investment Corp ET AL bought a new position in shares of Triton International Limited during the first quarter worth approximately $329,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Triton International Limited during the first quarter worth approximately $366,000.
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