Equities analysts expect Triton International Limited (NYSE:TRTN) to post sales of $324.20 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Triton International’s earnings, with estimates ranging from $323.90 million to $324.49 million. Triton International posted sales of $265.60 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.1%. The firm is expected to announce its next quarterly earnings report on Thursday, May 10th.
On average, analysts expect that Triton International will report full year sales of $1.37 billion for the current year, with estimates ranging from $1.36 billion to $1.37 billion. For the next financial year, analysts anticipate that the company will report sales of $1.52 billion per share, with estimates ranging from $1.52 billion to $1.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Triton International.
Triton International (NYSE:TRTN) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.04. The company had revenue of $313.90 million during the quarter, compared to the consensus estimate of $323.26 million. Triton International had a return on equity of 10.76% and a net margin of 29.83%. Triton International’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share.
In other Triton International news, President Simon R. Vernon sold 12,500 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $29.98, for a total transaction of $374,750.00. Following the completion of the transaction, the president now owns 160,645 shares of the company’s stock, valued at $4,816,137.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Boston Advisors LLC boosted its holdings in shares of Triton International by 41.3% during the fourth quarter. Boston Advisors LLC now owns 278,066 shares of the company’s stock worth $10,414,000 after purchasing an additional 81,327 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Triton International during the fourth quarter worth $380,000. Argent Capital Management LLC boosted its holdings in shares of Triton International by 8.5% during the third quarter. Argent Capital Management LLC now owns 83,620 shares of the company’s stock worth $2,783,000 after purchasing an additional 6,545 shares during the last quarter. Systematic Financial Management LP boosted its holdings in shares of Triton International by 215.9% during the fourth quarter. Systematic Financial Management LP now owns 1,127,335 shares of the company’s stock worth $42,219,000 after purchasing an additional 770,431 shares during the last quarter. Finally, Second Curve Capital LLC boosted its holdings in shares of Triton International by 333.3% during the fourth quarter. Second Curve Capital LLC now owns 208,008 shares of the company’s stock worth $7,790,000 after purchasing an additional 160,000 shares during the last quarter. Institutional investors and hedge funds own 65.84% of the company’s stock.
Triton International stock traded up $0.61 during mid-day trading on Monday, hitting $31.32. 217,425 shares of the company were exchanged, compared to its average volume of 589,324. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $2,482.20, a price-to-earnings ratio of 11.27, a PEG ratio of 0.76 and a beta of 2.62. Triton International has a 12-month low of $24.85 and a 12-month high of $43.85.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Shareholders of record on Monday, March 12th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.75%. The ex-dividend date of this dividend was Friday, March 9th. Triton International’s payout ratio is 64.75%.
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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 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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