Zacks: Analysts Anticipate Triton International Ltd (NYSE:TRTN) Will Announce Earnings of $1.16 Per Share

Equities analysts predict that Triton International Ltd (NYSE:TRTN) will post earnings per share of $1.16 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Triton International’s earnings. Triton International reported earnings of $1.17 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 0.9%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, October 24th.

On average, analysts expect that Triton International will report full year earnings of $4.70 per share for the current financial year. For the next fiscal year, analysts forecast that the company will post earnings of $4.93 per share, with EPS estimates ranging from $4.70 to $5.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Triton International.

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

Several equities research analysts recently commented on the stock. CJS Securities assumed coverage on shares of Triton International in a report on Wednesday, September 18th. They issued a “market perform” rating and a $42.00 price target for the company. Compass Point set a $38.00 target price on shares of Triton International and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine lowered shares of Triton International from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, TheStreet raised shares of Triton International from a “d-” rating to a “c” rating in a report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.00.

NYSE TRTN traded up $0.55 on Wednesday, hitting $35.22. The company had a trading volume of 2,380 shares, compared to its average volume of 325,793. The company has a market capitalization of $2.61 billion, a PE ratio of 7.82, a PEG ratio of 0.73 and a beta of 2.29. The company’s fifty day moving average price is $33.82 and its 200-day moving average price is $32.32. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.90 and a quick ratio of 1.90. Triton International has a 12-month low of $28.20 and a 12-month high of $36.76.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 5th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date was Wednesday, September 4th. Triton International’s dividend payout ratio is currently 46.02%.

In related news, VP Michelle Gallagher sold 2,360 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $32.29, for a total value of $76,204.40. Following the completion of the sale, the vice president now owns 12,644 shares of the company’s stock, valued at $408,274.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Redhawk Wealth Advisors Inc. acquired a new stake in Triton International in the second quarter valued at approximately $32,000. Captrust Financial Advisors increased its stake in Triton International by 116.4% in the second quarter. Captrust Financial Advisors now owns 1,082 shares of the company’s stock valued at $35,000 after purchasing an additional 582 shares during the last quarter. Litman Gregory Asset Management LLC purchased a new position in Triton International in the second quarter valued at approximately $82,000. Coastal Investment Advisors Inc. purchased a new position in Triton International in the third quarter valued at approximately $104,000. Finally, Tower Research Capital LLC TRC increased its stake in Triton International by 331.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,589 shares of the company’s stock valued at $118,000 after purchasing an additional 2,757 shares during the last quarter. 59.27% of the stock is currently owned by institutional investors.

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.

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