Triton International (NYSE:TRTN) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of at least $1.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.97. Triton International also updated its Q3 2020
After-Hours guidance to 1.03 EPS.
A number of research analysts have weighed in on the stock. BofA Securities upgraded shares of Triton International from an underperform rating to a buy rating and boosted their price objective for the company from $30.00 to $39.00 in a research report on Friday, July 24th. Bank of America upped their price target on shares of Triton International from $39.00 to $43.00 and gave the company a buy rating in a report on Friday, August 28th. Finally, Zacks Investment Research raised shares of Triton International from a hold rating to a buy rating and set a $36.00 price objective on the stock in a research report on Thursday, August 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and an average target price of $40.67.
Shares of TRTN traded up $0.27 during trading hours on Tuesday, reaching $37.38. 224,921 shares of the company traded hands, compared to its average volume of 424,652. The stock’s fifty day moving average price is $34.37 and its 200 day moving average price is $30.67. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 3.36. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.91 and a beta of 2.07. Triton International has a 12-month low of $19.80 and a 12-month high of $40.81.
Triton International (NYSE:TRTN) last announced its quarterly earnings data on Friday, July 24th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.03). The firm had revenue of $321.40 million during the quarter, compared to the consensus estimate of $312.72 million. Triton International had a return on equity of 15.53% and a net margin of 24.21%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.15 EPS. On average, research analysts forecast that Triton International will post 4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a $0.52 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $2.08 annualized dividend and a dividend yield of 5.56%. Triton International’s payout ratio is presently 45.51%.
Triton International Company Profile
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.
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