Triton International Ltd (NYSE:TRTN) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Tuesday, December 3rd will be given a dividend of 0.52 per share on Friday, December 20th. This represents a $2.08 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Monday, December 2nd.
TRTN opened at $37.88 on Friday. The company has a 50-day moving average of $36.69 and a 200-day moving average of $33.33. The company has a market capitalization of $2.77 billion, a P/E ratio of 8.08, a PEG ratio of 0.83 and a beta of 2.30. Triton International has a 1-year low of $28.55 and a 1-year high of $38.60. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.64 and a current ratio of 1.64.
Triton International (NYSE:TRTN) last released its earnings results on Thursday, October 24th. The company reported $1.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. The company had revenue of $336.70 million during the quarter, compared to the consensus estimate of $337.74 million. Triton International had a net margin of 24.34% and a return on equity of 16.69%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 EPS. As a group, sell-side analysts expect that Triton International will post 4.6 earnings per share for the current fiscal year.
Several research firms have recently weighed in on TRTN. CJS Securities began coverage on shares of Triton International in a research report on Wednesday, September 18th. They issued a “market perform” rating and a $42.00 target price for the company. Cowen lowered their price objective on shares of Triton International from $47.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, October 28th. TheStreet raised shares of Triton International from a “c” rating to a “b-” rating in a research report on Thursday, October 24th. Zacks Investment Research downgraded shares of Triton International from a “hold” rating to a “sell” rating and set a $39.00 price objective for the company. in a research report on Monday, October 28th. Finally, ValuEngine raised shares of Triton International from a “sell” rating to a “hold” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Triton International presently has a consensus rating of “Hold” and an average target price of $39.40.
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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