Triton International Ltd (TRTN) Expected to Announce Earnings of $1.18 Per Share

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Brokerages expect Triton International Ltd (NYSE:TRTN) to announce earnings of $1.18 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Triton International’s earnings. The highest EPS estimate is $1.20 and the lowest is $1.15. Triton International reported earnings of $0.85 per share in the same quarter last year, which would suggest a positive year over year growth rate of 38.8%. The firm is expected to issue its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Triton International will report full year earnings of $4.46 per share for the current financial year, with EPS estimates ranging from $4.45 to $4.46. For the next fiscal year, analysts forecast that the firm will report earnings of $4.63 per share, with EPS estimates ranging from $4.43 to $4.80. Zacks’ 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, November 2nd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.05. Triton International had a return on equity of 14.63% and a net margin of 37.41%. The firm had revenue of $350.08 million for the quarter, compared to the consensus estimate of $349.39 million. During the same quarter in the prior year, the business earned $0.81 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year.

Several research firms have issued reports on TRTN. Zacks Investment Research downgraded Triton International from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Bank of America reduced their price objective on Triton International from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, October 10th. ValuEngine raised Triton International from a “strong sell” rating to a “sell” rating in a report on Friday, August 10th. Keefe, Bruyette & Woods raised Triton International from a “market perform” rating to an “outperform” rating in a report on Thursday, September 6th. Finally, Wells Fargo & Co downgraded Triton International from an “outperform” rating to a “market perform” rating and set a $35.00 price objective on the stock. in a report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $41.29.

In other Triton International news, VP Michelle Gallagher sold 2,900 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $38.01, for a total transaction of $110,229.00. Following the completion of the sale, the vice president now owns 13,209 shares in the company, valued at approximately $502,074.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pincus (Ganymede-Ii) P. Warburg sold 1,850,000 shares of the company’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $34.78, for a total transaction of $64,343,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,859,000 shares of company stock worth $64,672,429. Company insiders own 1.40% of the company’s stock.

Several institutional investors have recently modified their holdings of TRTN. Stratos Wealth Partners LTD. bought a new stake in shares of Triton International during the 3rd quarter valued at $180,000. IFP Advisors Inc raised its position in shares of Triton International by 110.9% during the 3rd quarter. IFP Advisors Inc now owns 5,752 shares of the company’s stock valued at $191,000 after acquiring an additional 3,024 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Triton International during the 2nd quarter valued at $218,000. SG Americas Securities LLC raised its position in shares of Triton International by 31.9% during the 2nd quarter. SG Americas Securities LLC now owns 7,109 shares of the company’s stock valued at $218,000 after acquiring an additional 1,720 shares during the last quarter. Finally, Atria Investments LLC bought a new stake in shares of Triton International during the 2nd quarter valued at $223,000. Institutional investors own 65.16% of the company’s stock.

NYSE:TRTN traded up $0.04 during trading hours on Wednesday, hitting $35.18. 9,732 shares of the stock were exchanged, compared to its average volume of 577,872. Triton International has a twelve month low of $27.76 and a twelve month high of $43.85. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 0.78 and a beta of 2.86.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Friday, November 30th. Triton International’s dividend payout ratio is 74.82%.

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 freight, refrigerated, special, and tank containers; and chassis used for the transportation of containers, as well as manages containers owned by third parties.

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