Equities research analysts predict that Triton International Limited (NYSE:TRTN) will post earnings of $0.81 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Triton International’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.85. Triton International reported earnings of $0.21 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 285.7%. The business is scheduled to issue its next earnings report on Tuesday, March 13th.

According to Zacks, analysts expect that Triton International will report full-year earnings of $2.75 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.79. For the next year, analysts forecast that the firm will post earnings of $3.78 per share, with EPS estimates ranging from $3.60 to $3.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Triton International.

Triton International (NYSE:TRTN) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The firm had revenue of $302.10 million for the quarter, compared to analysts’ expectations of $301.71 million. The firm’s quarterly revenue was up 7.2% on a year-over-year basis.

A number of analysts have recently commented on the company. Cowen boosted their price target on Triton International from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. SunTrust Banks boosted their price target on Triton International from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. BidaskClub raised Triton International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Wells Fargo & Co boosted their price target on Triton International from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research raised Triton International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, November 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Triton International presently has a consensus rating of “Buy” and a consensus price target of $44.00.

Shares of Triton International (NYSE TRTN) traded down $0.78 on Tuesday, hitting $37.45. The stock had a trading volume of 425,912 shares, compared to its average volume of 450,843. The company has a debt-to-equity ratio of 3.34, a quick ratio of 1.33 and a current ratio of 1.33. Triton International has a 12-month low of $15.69 and a 12-month high of $43.85. The company has a market cap of $3,060.46, a PE ratio of 17.42, a P/E/G ratio of 1.84 and a beta of 2.71.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 1st were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a yield of 4.81%. Triton International’s payout ratio is currently 83.72%.

In related news, VP Michelle Gallagher sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the transaction, the vice president now directly owns 23,158 shares in the company, valued at approximately $926,320. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth Hanau sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $40.31, for a total transaction of $403,100.00. Following the completion of the transaction, the director now owns 31,580 shares of the company’s stock, valued at $1,272,989.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,500 shares of company stock valued at $500,370. 1.50% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TRTN. Russell Investments Group Ltd. raised its stake in Triton International by 21.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 33,399 shares of the company’s stock valued at $1,117,000 after buying an additional 5,862 shares during the last quarter. Rhumbline Advisers raised its stake in Triton International by 11.2% during the 2nd quarter. Rhumbline Advisers now owns 51,835 shares of the company’s stock valued at $1,733,000 after buying an additional 5,212 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Triton International during the 2nd quarter valued at $874,000. Systematic Financial Management LP purchased a new stake in Triton International during the 2nd quarter valued at $1,816,000. Finally, Ameriprise Financial Inc. raised its stake in Triton International by 25.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 800,695 shares of the company’s stock valued at $26,776,000 after buying an additional 160,814 shares during the last quarter. Institutional investors and hedge funds own 63.28% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Triton International Limited (TRTN) Expected to Post Earnings of $0.81 Per Share” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/29/triton-international-limited-trtn-expected-to-post-earnings-of-0-81-per-share.html.

About Triton International

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various intermodal containers and chassis to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry freight containers, refrigerated containers, special containers, tank containers, and chassis, as well as manages containers owned by third parties.

Get a free copy of the Zacks research report on Triton International (TRTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Triton International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triton International and related companies with MarketBeat.com's FREE daily email newsletter.