Textainer Group (TGH) to Release Earnings on Friday

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Textainer Group (NYSE:TGH) will post its quarterly earnings results before the market opens on Friday, November 2nd. Analysts expect Textainer Group to post earnings of $0.34 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Textainer Group (NYSE:TGH) last released its earnings results on Tuesday, August 7th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The company had revenue of $140.70 million during the quarter, compared to analyst estimates of $142.41 million. Textainer Group had a net margin of 13.60% and a return on equity of 5.58%. On average, analysts expect Textainer Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NYSE:TGH opened at $10.81 on Wednesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $629.21 million, a P/E ratio of 8.95 and a beta of 2.71. Textainer Group has a 52-week low of $10.58 and a 52-week high of $26.50.

A number of analysts recently issued reports on the company. Wells Fargo & Co downgraded Textainer Group from a “market perform” rating to an “underperform” rating and set a $11.00 target price on the stock. in a research report on Friday, September 28th. Zacks Investment Research downgraded Textainer Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 14th. TheStreet raised Textainer Group from a “d+” rating to a “c” rating in a research report on Wednesday, August 8th. Cowen lowered their target price on Textainer Group from $26.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 8th. Finally, ValuEngine downgraded Textainer Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.67.

About Textainer Group

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.

See Also: Return on Equity (ROE)

Earnings History for Textainer Group (NYSE:TGH)

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