Triton International Limited (NASDAQ:TRTN) Expected to Announce Earnings of $0.57 Per Share
Equities analysts expect Triton International Limited (NASDAQ:TRTN) to announce earnings per share (EPS) of $0.57 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Triton International Limited’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.60. The firm is scheduled to issue its next earnings report on Thursday, August 10th.
According to Zacks, analysts expect that Triton International Limited will report full-year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.54. For the next year, analysts expect that the business will post earnings of $3.21 per share, with EPS estimates ranging from $3.11 to $3.38. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Triton International Limited.
A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Triton International Limited from a “strong-buy” rating to a “hold” rating in a report on Thursday. Cowen and Company reiterated an “outperform” rating and set a $40.00 price target on shares of Triton International Limited in a report on Monday, June 19th. Bank of America Corporation reiterated a “buy” rating and set a $36.00 price target (up previously from $32.00) on shares of Triton International Limited in a report on Monday, May 15th. SunTrust Banks, Inc. lifted their price target on Triton International Limited from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, April 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 price target on shares of Triton International Limited in a report on Friday, March 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Triton International Limited has a consensus rating of “Buy” and a consensus target price of $33.17.
In other Triton International Limited news, insider Kevin Valentine sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $27.49, for a total value of $54,980.00. Following the transaction, the insider now owns 69,705 shares in the company, valued at $1,916,190.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Burns sold 30,000 shares of the business’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $30.04, for a total value of $901,200.00. Following the completion of the transaction, the chief financial officer now owns 121,126 shares in the company, valued at approximately $3,638,625.04. The disclosure for this sale can be found here. Insiders sold 69,825 shares of company stock worth $2,090,959 in the last 90 days.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of Triton International Limited during the fourth quarter worth approximately $172,000. Karp Capital Management Corp purchased a new position in shares of Triton International Limited during the first quarter worth approximately $221,000. Tudor Investment Corp ET AL purchased a new position in shares of Triton International Limited during the first quarter worth approximately $329,000. Nisa Investment Advisors LLC purchased a new position in shares of Triton International Limited during the first quarter worth approximately $366,000. Finally, American International Group Inc. increased its position in shares of Triton International Limited by 27.5% in the first quarter. American International Group Inc. now owns 24,303 shares of the company’s stock worth $627,000 after buying an additional 5,245 shares during the period.
Triton International Limited (NASDAQ:TRTN) traded down 0.36% during trading on Thursday, reaching $33.31. The company had a trading volume of 305,226 shares. The stock has a 50 day moving average price of $30.49 and a 200 day moving average price of $25.52. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $34.49.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 22nd. Shareholders of record on Thursday, June 1st were paid a $0.45 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $1.80 dividend on an annualized basis and a yield of 5.40%.
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