Triton International (NYSE:TRTN) updated its third quarter 2020
After-Hours earnings guidance on Tuesday. The company provided earnings per share guidance of 1.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.97.
TRTN has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Triton International from a hold rating to a buy rating and set a $36.00 price objective for the company in a research report on Thursday, August 20th. BofA Securities upgraded Triton International from an underperform rating to a buy rating and lifted their price target for the stock from $30.00 to $39.00 in a report on Friday, July 24th. Finally, Bank of America upped their price objective on Triton International from $39.00 to $43.00 and gave the company a buy rating in a research note on Friday, August 28th. 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. Triton International currently has a consensus rating of Hold and an average target price of $40.67.
Shares of TRTN traded up $0.27 during mid-day trading on Tuesday, hitting $37.38. 224,921 shares of the company’s stock were exchanged, compared to its average volume of 424,652. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 3.36. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 0.91 and a beta of 2.07. The stock’s 50-day simple moving average is $34.23 and its 200-day simple moving average is $30.68. Triton International has a 52 week low of $19.80 and a 52 week 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 analysts’ consensus estimates of $0.89 by ($0.03). The firm had revenue of $321.40 million for the quarter, compared to analyst estimates of $312.72 million. Triton International had a return on equity of 15.53% and a net margin of 24.21%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.15 earnings per share. Analysts forecast that Triton International will post 4 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 5.56%. The ex-dividend date is Wednesday, September 9th. 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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