Triton International (TRTN) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Triton International (NYSE:TRTN) issued its quarterly earnings data on Thursday. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.04, Briefing.com reports. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The business had revenue of $313.90 million for the quarter, compared to the consensus estimate of $323.26 million. During the same period in the prior year, the business earned $0.21 earnings per share. The business’s revenue was up 21.0% on a year-over-year basis.
Triton International (NYSE TRTN) traded up $2.26 during midday trading on Friday, reaching $30.40. The company had a trading volume of 1,180,000 shares, compared to its average volume of 712,820. Triton International has a 1 year low of $21.77 and a 1 year high of $43.85. The stock has a market capitalization of $2,270.00 and a P/E ratio of 64.68. The company has a debt-to-equity ratio of 3.34, a current ratio of 1.33 and a quick ratio of 1.33.
Several analysts have recently issued reports on TRTN shares. ValuEngine upgraded Triton International from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded Triton International from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, November 14th. BidaskClub downgraded Triton International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. Cowen upped their price objective on Triton International from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, SunTrust Banks upped their price objective on Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Triton International currently has a consensus rating of “Buy” and a consensus price target of $44.00.
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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