Zacks: Brokerages Anticipate Triton International Ltd (NYSE:TRTN) to Announce $1.16 Earnings Per Share

Equities research analysts forecast that Triton International Ltd (NYSE:TRTN) will post earnings of $1.16 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Triton International’s earnings. Triton International posted earnings per share of $1.17 in the same quarter last year, which would suggest a negative year over year growth rate of 0.9%. The company is scheduled to report its next quarterly earnings results on Friday, November 1st.

According to Zacks, analysts expect that Triton International will report full-year earnings of $4.67 per share for the current financial year, with EPS estimates ranging from $4.60 to $4.70. For the next financial year, analysts forecast that the company will post earnings of $4.95 per share, with EPS estimates ranging from $4.70 to $5.15. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Triton International.

Triton International (NYSE:TRTN) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.05. Triton International had a net margin of 24.70% and a return on equity of 16.56%. The company had revenue of $338.60 million for the quarter, compared to analyst estimates of $345.61 million. During the same quarter last year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year.



A number of equities research analysts have weighed in on the stock. Compass Point set a $38.00 price target on shares of Triton International and gave the stock a “buy” rating in a research note on Friday, July 26th. ValuEngine downgraded shares of Triton International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Triton International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Finally, TheStreet upgraded shares of Triton International from a “d-” rating to a “c” rating in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Triton International currently has an average rating of “Hold” and an average price target of $35.25.

In other news, VP Michelle Gallagher sold 2,360 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $32.29, for a total value of $76,204.40. Following the sale, the vice president now owns 12,644 shares in the company, valued at approximately $408,274.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in TRTN. Norges Bank bought a new position in shares of Triton International in the fourth quarter valued at about $19,462,000. Laurion Capital Management LP bought a new position in shares of Triton International in the first quarter valued at about $12,591,000. Nuveen Asset Management LLC raised its holdings in shares of Triton International by 2,801.1% in the second quarter. Nuveen Asset Management LLC now owns 400,404 shares of the company’s stock valued at $13,118,000 after buying an additional 386,602 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Triton International in the first quarter valued at about $11,305,000. Finally, BlackRock Inc. raised its holdings in shares of Triton International by 9.9% in the second quarter. BlackRock Inc. now owns 3,860,078 shares of the company’s stock valued at $126,456,000 after buying an additional 348,177 shares during the last quarter. 61.92% of the stock is owned by institutional investors and hedge funds.

TRTN traded up $0.86 during trading on Friday, reaching $30.79. 331,729 shares of the company’s stock were exchanged, compared to its average volume of 453,591. Triton International has a fifty-two week low of $28.20 and a fifty-two week high of $39.56. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 3.42. The business has a 50 day moving average price of $32.37 and a 200 day moving average price of $32.08. The company has a market capitalization of $2.32 billion, a P/E ratio of 6.81, a PEG ratio of 0.67 and a beta of 2.27.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 5th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $2.08 annualized dividend and a dividend yield of 6.76%. Triton International’s dividend payout ratio is presently 46.02%.

Triton International Company Profile

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.

Further Reading: Why do analysts give a neutral rating?

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