Analysts Expect Triton International Ltd (NYSE:TRTN) to Post $0.89 Earnings Per Share

Equities analysts predict that Triton International Ltd (NYSE:TRTN) will report earnings of $0.89 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Triton International’s earnings. Triton International reported earnings per share of $1.15 during the same quarter last year, which suggests a negative year over year growth rate of 22.6%. The firm is expected to announce its next earnings results on Thursday, July 23rd.

On average, analysts expect that Triton International will report full-year earnings of $3.85 per share for the current fiscal year. For the next year, analysts anticipate that the firm will report earnings of $4.45 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Triton International.

Triton International (NYSE:TRTN) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.10). The firm had revenue of $321.50 million during the quarter, compared to analysts’ expectations of $327.04 million. Triton International had a net margin of 25.06% and a return on equity of 16.00%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS.

Separately, ValuEngine cut shares of Triton International from a “sell” rating to a “strong sell” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Triton International has an average rating of “Hold” and an average price target of $41.25.

Shares of Triton International stock traded up $1.01 on Wednesday, hitting $30.04. 7,289 shares of the company traded hands, compared to its average volume of 496,703. The firm’s 50-day simple moving average is $30.23 and its 200 day simple moving average is $33.05. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 3.38. The company has a market cap of $2.04 billion, a P/E ratio of 6.75, a P/E/G ratio of 0.75 and a beta of 2.04. Triton International has a 12-month low of $19.80 and a 12-month high of $40.81.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.52 per share. The ex-dividend date was Wednesday, June 10th. This represents a $2.08 dividend on an annualized basis and a yield of 6.92%. Triton International’s dividend payout ratio is currently 45.51%.

In other Triton International news, major shareholder Global Ltd Bharti sold 36,539 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $31.25, for a total transaction of $1,141,843.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 458,367 shares of company stock valued at $14,762,689. 1.70% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of TRTN. Russell Investments Group Ltd. boosted its position in shares of Triton International by 96.6% during the fourth quarter. Russell Investments Group Ltd. now owns 11,256 shares of the company’s stock worth $452,000 after acquiring an additional 5,532 shares during the last quarter. State Street Corp raised its stake in Triton International by 0.6% during the fourth quarter. State Street Corp now owns 1,215,261 shares of the company’s stock valued at $48,853,000 after purchasing an additional 7,187 shares in the last quarter. Victory Capital Management Inc. raised its stake in Triton International by 27.5% during the fourth quarter. Victory Capital Management Inc. now owns 298,168 shares of the company’s stock valued at $11,986,000 after purchasing an additional 64,223 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Triton International by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 489,557 shares of the company’s stock valued at $19,681,000 after purchasing an additional 4,323 shares in the last quarter. Finally, M&T Bank Corp raised its stake in Triton International by 161.6% during the fourth quarter. M&T Bank Corp now owns 21,356 shares of the company’s stock valued at $859,000 after purchasing an additional 13,193 shares in the last quarter. Hedge funds and other institutional investors own 63.40% of the company’s stock.

About Triton International

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.

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