Wall Street brokerages expect that Triton International Limited (NYSE:TRTN) will report $321.95 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Triton International’s earnings. The lowest sales estimate is $321.50 million and the highest is $322.40 million. Triton International posted sales of $259.55 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 24%. The business is expected to announce its next earnings report on Tuesday, March 13th.
On average, analysts expect that Triton International will report full year sales of $321.95 million for the current year. For the next financial year, analysts expect that the business will report sales of $1.40 billion per share, with estimates ranging from $1.38 billion to $1.42 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Triton International.
Triton International (NYSE:TRTN) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Triton International had a return on equity of 8.50% and a net margin of 14.44%. The firm had revenue of $302.10 million for the quarter, compared to the consensus estimate of $301.71 million. The company’s quarterly revenue was up 7.2% compared to the same quarter last year.
Several equities analysts have commented on the company. ValuEngine downgraded Triton International from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded Triton International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 15th. Wells Fargo & Company increased their price target on Triton International from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded Triton International from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, November 14th. Finally, SunTrust Banks increased their price target on Triton International from $40.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 13th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Triton International currently has a consensus rating of “Buy” and an average price target of $44.00.
In other news, VP Michelle Gallagher sold 1,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the completion of the sale, the vice president now directly owns 23,158 shares of the company’s stock, valued at $926,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth Hanau sold 10,000 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $40.31, for a total value of $403,100.00. Following the completion of the sale, the director now directly owns 31,580 shares of the company’s stock, valued at $1,272,989.80. The disclosure for this sale can be found here. Insiders sold 12,500 shares of company stock valued at $500,370 over the last three months. 1.50% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of TRTN. Kempen Capital Management N.V. bought a new stake in shares of Triton International in the second quarter valued at approximately $12,404,000. Systematic Financial Management LP boosted its position in shares of Triton International by 557.1% in the third quarter. Systematic Financial Management LP now owns 356,904 shares of the company’s stock valued at $11,878,000 after acquiring an additional 302,589 shares during the period. Balyasny Asset Management LLC bought a new stake in shares of Triton International in the second quarter valued at approximately $9,389,000. Russell Investments Group Ltd. boosted its position in shares of Triton International by 734.5% in the third quarter. Russell Investments Group Ltd. now owns 278,706 shares of the company’s stock valued at $9,275,000 after acquiring an additional 245,307 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Triton International by 25.1% in the second quarter. Ameriprise Financial Inc. now owns 800,695 shares of the company’s stock valued at $26,776,000 after acquiring an additional 160,814 shares during the period. 63.32% of the stock is owned by institutional investors.
Triton International (NYSE:TRTN) traded down $1.02 during trading hours on Monday, reaching $36.71. The company had a trading volume of 553,000 shares, compared to its average volume of 446,928. Triton International has a 12-month low of $15.69 and a 12-month high of $43.85. The firm has a market capitalization of $2,960.00 and a P/E ratio of 17.15. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 3.34.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 4.90%. Triton International’s dividend payout ratio (DPR) is presently 382.98%.
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