Brokerages Expect Triton International Limited (TRTN) Will Post Earnings of $0.81 Per Share

Equities analysts predict that Triton International Limited (NYSE:TRTN) will post $0.81 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for Triton International’s earnings. The highest EPS estimate is $0.85 and the lowest is $0.78. Triton International posted earnings of $0.21 per share in the same quarter last year, which indicates a positive year over year growth rate of 285.7%. The business is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 22nd.

According to Zacks, 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 year, analysts forecast that the firm will report earnings of $3.78 per share, with EPS estimates ranging from $3.60 to $3.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Triton International.

Several research firms have recently commented on TRTN. SunTrust Banks raised their price target on Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 13th. They noted that the move was a valuation call. BidaskClub cut Triton International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 15th. Wells Fargo & Co raised their price target on Triton International from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Cowen raised their price target on Triton International from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, Zacks Investment Research raised Triton International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Triton International currently has an average rating of “Buy” and an average target price of $44.00.

Triton International (TRTN) traded down $3.45 on Thursday, hitting $29.62. The stock had a trading volume of 867,470 shares, compared to its average volume of 562,635. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 3.34. The firm has a market cap of $2,515.01, a PE ratio of 13.84, a P/E/G ratio of 0.83 and a beta of 2.60. Triton International has a 1-year low of $21.77 and a 1-year high of $43.85.

In other news, Director Kenneth Hanau sold 10,000 shares of Triton International stock in a transaction 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 completion of the sale, the director now owns 31,580 shares of the company’s stock, valued at $1,272,989.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Claude Germain sold 1,500 shares of Triton International stock in a transaction on Tuesday, November 21st. The shares were 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 directly owns 30,080 shares of the company’s stock, valued at approximately $1,148,454.40. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Large investors have recently made changes to their positions in the company. Huntington National Bank purchased a new stake in shares of Triton International in the fourth quarter valued at $146,000. Amalgamated Bank purchased a new stake in shares of Triton International in the fourth quarter valued at $236,000. Quantbot Technologies LP purchased a new stake in shares of Triton International in the third quarter valued at $214,000. Advisory Research Inc. purchased a new stake in shares of Triton International in the fourth quarter valued at $249,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Triton International in the fourth quarter valued at $300,000. 64.01% of the stock is owned by institutional investors and hedge funds.

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Triton International Company Profile

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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