Triton International (NYSE:TRTN) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of above $1.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.08. Triton International also updated its Q3 guidance to at least $1.03 EPS.
Several analysts have recently commented on TRTN shares. Bank of America increased their price target on shares of Triton International from $39.00 to $43.00 and gave the company a buy rating in a research report on Friday, August 28th. Zacks Investment Research upgraded Triton International from a hold rating to a buy rating and set a $36.00 target price on the stock in a report on Thursday, August 20th. Finally, BofA Securities raised Triton International from an underperform rating to a buy rating and boosted their price target for the stock from $30.00 to $39.00 in a report on Friday, July 24th. One research 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’s stock. The stock currently has a consensus rating of Hold and an average target price of $40.67.
Shares of TRTN traded up $0.27 on Tuesday, hitting $37.38. 224,921 shares of the stock traded hands, compared to its average volume of 424,652. Triton International has a 1 year low of $19.80 and a 1 year high of $40.81. The stock’s 50 day moving average is $34.37 and its two-hundred day moving average is $30.67. The firm has a market capitalization of $2.57 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.91 and a beta of 2.07. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 3.36.
Triton International (NYSE:TRTN) last issued its quarterly earnings results on Friday, July 24th. The company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.03). Triton International had a net margin of 24.21% and a return on equity of 15.53%. The business had revenue of $321.40 million during the quarter, compared to analyst estimates of $312.72 million. During the same quarter last year, the firm posted $1.15 earnings per share. The company’s revenue was down 5.1% on a year-over-year basis. Research analysts forecast that Triton International will post 4 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $2.08 annualized dividend and a yield of 5.56%. Triton International’s dividend payout ratio (DPR) 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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