Triton International Limited (TRTN) Expected to Post Earnings of $0.81 Per Share
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.
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.
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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.
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