Triton International (NYSE:TRTN) Releases Earnings Results, Beats Expectations By $0.12 EPS

Triton International (NYSE:TRTNGet Rating) announced its quarterly earnings data on Tuesday. The company reported $2.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.64 by $0.12, MarketWatch Earnings reports. Triton International had a net margin of 34.57% and a return on equity of 29.58%. The firm had revenue of $417.10 million during the quarter, compared to analyst estimates of $419.02 million. During the same quarter in the prior year, the firm posted $1.91 earnings per share. Triton International’s quarterly revenue was up 20.3% on a year-over-year basis.

Shares of NYSE TRTN traded up $1.96 during midday trading on Tuesday, reaching $63.84. 10,238 shares of the company were exchanged, compared to its average volume of 763,569. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 3.67. The stock has a market cap of $4.16 billion, a P/E ratio of 8.56, a PEG ratio of 0.57 and a beta of 1.40. Triton International has a 1 year low of $46.75 and a 1 year high of $72.34. The stock has a fifty day simple moving average of $65.07 and a 200 day simple moving average of $62.28.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, March 10th. Triton International’s payout ratio is 35.96%.

In other news, EVP John F. O’callaghan sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $70.00, for a total transaction of $700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of TRTN. Bank of New York Mellon Corp lifted its holdings in Triton International by 5.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 292,922 shares of the company’s stock worth $15,244,000 after buying an additional 15,676 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Triton International by 1.9% in the 4th quarter. Parametric Portfolio Associates LLC now owns 149,405 shares of the company’s stock valued at $8,999,000 after purchasing an additional 2,845 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Triton International by 2.3% in the 4th quarter. California State Teachers Retirement System now owns 93,400 shares of the company’s stock valued at $5,625,000 after purchasing an additional 2,076 shares in the last quarter. Finally, Credit Suisse AG grew its position in shares of Triton International by 5.8% during the 4th quarter. Credit Suisse AG now owns 74,776 shares of the company’s stock valued at $4,503,000 after buying an additional 4,111 shares during the last quarter. Institutional investors and hedge funds own 66.27% of the company’s stock.

A number of research firms have commented on TRTN. Bank of America cut Triton International from a “buy” rating to an “underperform” rating and set a $53.00 price target on the stock. in a research note on Friday, April 8th. Zacks Investment Research cut Triton International from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Tuesday, April 19th. Finally, StockNews.com assumed coverage on Triton International in a research note on Thursday, March 31st. They issued a “buy” rating on the stock.

About Triton International (Get Rating)

Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal containers and chassis 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 containers, as well as provides maritime container management services.

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Earnings History for Triton International (NYSE:TRTN)

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