Triton International Limited (TRTN) Given Coverage Optimism Rating of 0.12
News stories about Triton International Limited (NASDAQ:TRTN) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Triton International Limited earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.5237683657291 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Triton International Limited (TRTN) opened at 34.58 on Wednesday. The company has a 50-day moving average price of $34.13 and a 200 day moving average price of $31.50. The stock has a market capitalization of $2.58 billion and a PE ratio of 48.77. Triton International Limited has a 52 week low of $11.50 and a 52 week high of $38.19.
Triton International Limited (NASDAQ:TRTN) last issued its earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The company had revenue of $281.90 million for the quarter, compared to analysts’ expectations of $281.09 million. The firm’s revenue for the quarter was up 78.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 earnings per share. Equities analysts forecast that Triton International Limited will post $2.57 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Wednesday, August 30th.
A number of brokerages have recently weighed in on TRTN. Cowen and Company reaffirmed an “outperform” rating and set a $40.00 target price on shares of Triton International Limited in a research note on Monday, June 19th. Zacks Investment Research cut shares of Triton International Limited from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $35.00 price target on shares of Triton International Limited in a research note on Thursday, August 10th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $40.00 price target (up from $35.00) on shares of Triton International Limited in a research note on Thursday, August 10th. Finally, BidaskClub lowered shares of Triton International Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 12th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $37.50.
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In other Triton International Limited news, VP Michelle Gallagher sold 2,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $34.68, for a total value of $69,360.00. Following the completion of the sale, the vice president now directly owns 25,158 shares of the company’s stock, valued at approximately $872,479.44. The transaction was disclosed in a filing with the SEC, which is available through this link.
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