Textainer Group (TGH) Set to Announce Quarterly Earnings on Wednesday

Textainer Group (NYSE:TGH) is set to announce its earnings results on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.

Textainer Group (NYSE:TGH) last announced its earnings results on Thursday, November 9th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.19. The company had revenue of $125.60 million for the quarter, compared to analyst estimates of $122.87 million. Textainer Group had a negative return on equity of 0.44% and a net margin of 0.38%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.92) earnings per share. On average, analysts expect Textainer Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Textainer Group (NYSE:TGH) opened at $23.00 on Wednesday. The stock has a market capitalization of $1,310.00, a P/E ratio of 766.67, a price-to-earnings-growth ratio of 1.46 and a beta of 2.31. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.85 and a quick ratio of 0.85. Textainer Group has a 12-month low of $9.60 and a 12-month high of $26.50.

A hedge fund recently raised its stake in Textainer Group stock. Vanguard Group Inc. lifted its stake in shares of Textainer Group Holdings Limited (NYSE:TGH) by 10.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,174 shares of the transportation company’s stock after acquiring an additional 9,865 shares during the quarter. Vanguard Group Inc. owned 0.18% of Textainer Group worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 24.57% of the company’s stock.

A number of analysts have issued reports on TGH shares. Zacks Investment Research raised Textainer Group from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, October 11th. Wells Fargo & Co boosted their target price on Textainer Group from $18.00 to $19.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Cowen boosted their target price on Textainer Group from $21.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. SunTrust Banks reissued a “buy” rating and issued a $25.00 target price on shares of Textainer Group in a research report on Friday, November 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $22.00 target price on shares of Textainer Group in a research report on Sunday, November 19th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.40.

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About Textainer Group

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 for Textainer Group (NYSE:TGH)

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