Textainer Group Holdings Limited (NYSE:TGH) – Equities research analysts at SunTrust Banks increased their Q4 2017 EPS estimates for Textainer Group Holdings Limited in a research note issued to investors on Tuesday. SunTrust Banks analyst D. Mewhirter now forecasts that the transportation company will post earnings per share of $0.20 for the quarter, up from their previous forecast of $0.16. SunTrust Banks has a “Buy” rating and a $19.00 price objective on the stock. SunTrust Banks also issued estimates for Textainer Group Holdings Limited’s Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.30 EPS and FY2018 earnings at $1.16 EPS.

Other analysts also recently issued research reports about the company. Cowen and Company reissued a “buy” rating and issued a $21.00 price target on shares of Textainer Group Holdings Limited in a report on Tuesday, July 11th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.00 price target on shares of Textainer Group Holdings Limited in a report on Thursday. ValuEngine raised Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Finally, Zacks Investment Research raised Textainer Group Holdings Limited from a “strong sell” rating to a “hold” rating in a report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.75.

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Shares of Textainer Group Holdings Limited (NYSE:TGH) traded up 1.62% during midday trading on Friday, reaching $15.65. The company’s stock had a trading volume of 124,767 shares. The firm’s market capitalization is $889.12 million. Textainer Group Holdings Limited has a 1-year low of $6.90 and a 1-year high of $17.60. The company’s 50-day moving average price is $15.03 and its 200 day moving average price is $14.12.

Textainer Group Holdings Limited (NYSE:TGH) last posted its earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.03. Textainer Group Holdings Limited had a negative return on equity of 3.36% and a negative net margin of 7.96%. The business had revenue of $119.25 million for the quarter, compared to analysts’ expectations of $120.62 million. During the same quarter in the previous year, the firm earned $0.04 EPS. Textainer Group Holdings Limited’s revenue for the quarter was down 6.1% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in TGH. Fox Run Management L.L.C. bought a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at about $213,000. American International Group Inc. increased its stake in shares of Textainer Group Holdings Limited by 7.1% in the first quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock valued at $214,000 after buying an additional 926 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at about $255,000. GHP Investment Advisors Inc. increased its stake in shares of Textainer Group Holdings Limited by 23.0% in the first quarter. GHP Investment Advisors Inc. now owns 19,579 shares of the transportation company’s stock valued at $300,000 after buying an additional 3,665 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Textainer Group Holdings Limited by 14.9% in the first quarter. Alliancebernstein L.P. now owns 21,600 shares of the transportation company’s stock valued at $330,000 after buying an additional 2,800 shares during the period. 21.59% of the stock is currently owned by institutional investors and hedge funds.

Textainer Group Holdings Limited Company Profile

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.

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

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