$321.95 Million in Sales Expected for Triton International Limited (TRTN) This Quarter

Brokerages expect that Triton International Limited (NYSE:TRTN) will report $321.95 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Triton International’s earnings, with the lowest sales estimate coming in at $321.50 million and the highest estimate coming in at $322.40 million. Triton International reported sales of $259.55 million during the same quarter last year, which would indicate a positive year over year growth rate of 24%. The business is expected to announce its next earnings report on Tuesday, March 13th.

According to Zacks, analysts expect that Triton International will report full-year sales of $321.95 million for the current year. For the next financial year, analysts anticipate that the firm will report sales of $1.40 billion per share, with estimates ranging from $1.38 billion to $1.42 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Triton International.

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

A number of brokerages have recently issued reports on TRTN. BidaskClub raised Triton International from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. SunTrust Banks increased their target price 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. Wells Fargo & Co increased their target price on Triton International from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised Triton International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, November 14th. Finally, Cowen increased their target price on Triton International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Triton International presently has an average rating of “Buy” and a consensus price target of $44.00.

Triton International (TRTN) opened at $37.32 on Wednesday. The stock has a market capitalization of $3,116.13, a P/E ratio of 17.36, a PEG ratio of 1.02 and a beta of 2.71. Triton International has a one year low of $21.77 and a one year high of $43.85. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.33 and a current ratio of 1.33.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC grew its holdings 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 worth $1,400,000 after acquiring an additional 502 shares during the period. American International Group Inc. grew its holdings 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 worth $969,000 after acquiring an additional 2,178 shares during the period. UBS Asset Management Americas Inc. grew its holdings 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 worth $558,000 after acquiring an additional 6,291 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Triton International in the 3rd quarter worth approximately $214,000. Finally, Argent Capital Management LLC grew its holdings 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 worth $2,783,000 after acquiring an additional 6,545 shares during the period. Institutional investors and hedge funds own 63.48% of the company’s stock.

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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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