Somewhat Favorable News Coverage Somewhat Unlikely to Affect Triton International Limited (TRTN) Share Price
Headlines about Triton International Limited (NASDAQ:TRTN) have trended somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Triton International Limited earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.6776678501272 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Triton International Limited (NASDAQ:TRTN) opened at 32.01 on Friday. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $38.19. The stock’s 50 day moving average is $35.16 and its 200 day moving average is $30.62. The firm has a market cap of $2.39 billion and a PE ratio of 45.15.
Triton International Limited (NASDAQ:TRTN) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The business had revenue of $281.90 million during the quarter, compared to the consensus estimate of $281.09 million. The firm’s quarterly revenue was up 78.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. Analysts forecast that Triton International Limited will post $2.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.80 annualized dividend and a yield of 5.62%.
A number of equities analysts have weighed in on TRTN shares. BidaskClub downgraded shares of Triton International Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Thursday, July 27th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $40.00 price target (up previously from $35.00) on shares of Triton International Limited in a research report on Thursday, August 10th. Cowen and Company reiterated a “buy” rating and set a $44.00 price target (up previously from $40.00) on shares of Triton International Limited in a research report on Thursday, August 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $35.00 price target on shares of Triton International Limited in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $37.50.
In other Triton International Limited news, VP Michelle Gallagher sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $34.68, for a total transaction of $69,360.00. Following the completion of the transaction, the vice president now owns 25,158 shares in the company, valued at approximately $872,479.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
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