Brokerages Anticipate Triton International Limited (TRTN) to Post $0.81 EPS

Equities research analysts expect Triton International Limited (NYSE:TRTN) to report earnings of $0.81 per share for the current quarter, according to Zacks. Two analysts have made estimates for Triton International’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.85. Triton International reported earnings per share of $0.21 in the same quarter last year, which would indicate a positive year over year growth rate of 285.7%. The company is scheduled to report its next quarterly earnings results on Tuesday, March 13th.

On average, analysts expect that Triton International will report full-year earnings of $2.75 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.79. For the next financial year, analysts expect that the firm will post earnings of $3.78 per share, with EPS estimates ranging from $3.60 to $3.92. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Triton International.

Triton International (NYSE:TRTN) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.07. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The firm had revenue of $302.10 million during the quarter, compared to analysts’ expectations of $301.71 million. The firm’s revenue was up 7.2% compared to the same quarter last year.

TRTN has been the subject of several research reports. Zacks Investment Research cut Triton International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub raised Triton International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. SunTrust Banks boosted their price objective on Triton International from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. They noted that the move was a valuation call. Cowen boosted their price objective on Triton International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, Wells Fargo & Co boosted their price objective on Triton International from $39.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.00.

In other news, Director Claude Germain sold 1,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $38.18, for a total value of $57,270.00. Following the transaction, the director now owns 30,080 shares of the company’s stock, valued at approximately $1,148,454.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth Hanau sold 10,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $40.31, for a total value of $403,100.00. Following the completion of the transaction, the director now directly owns 31,580 shares in the company, valued at approximately $1,272,989.80. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC lifted its stake in shares of Triton International by 1.2% in the 2nd quarter. Advisory Services Network LLC now owns 41,861 shares of the company’s stock valued at $1,400,000 after purchasing an additional 502 shares during the last quarter. American International Group Inc. lifted its stake in shares of Triton International by 8.1% in the 3rd quarter. American International Group Inc. now owns 29,130 shares of the company’s stock valued at $969,000 after purchasing an additional 2,178 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Triton International by 60.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,690 shares of the company’s stock valued at $558,000 after purchasing an additional 6,291 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Triton International in the 3rd quarter valued at $214,000. Finally, Argent Capital Management LLC lifted its stake in shares of Triton International by 8.5% in the 3rd quarter. Argent Capital Management LLC now owns 83,620 shares of the company’s stock valued at $2,783,000 after purchasing an additional 6,545 shares during the last quarter. 63.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of Triton International (NYSE:TRTN) traded down $0.18 on Monday, hitting $38.44. The company had a trading volume of 99,002 shares, compared to its average volume of 388,249. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.33 and a quick ratio of 1.33. Triton International has a 52-week low of $21.77 and a 52-week high of $43.85. The stock has a market capitalization of $3,120.00 and a PE ratio of 81.62.

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About Triton International

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.

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