Triton International Limited (NASDAQ:TRTN) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Stockholders of record on Friday, September 1st will be given a dividend of 0.45 per share on Friday, September 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend is Wednesday, August 30th.
Triton International Limited (NASDAQ:TRTN) traded down 5.94% on Thursday, hitting $33.58. The stock had a trading volume of 540,385 shares. The company’s 50 day moving average is $34.53 and its 200-day moving average is $28.79. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $37.82.
Triton International Limited (NASDAQ:TRTN) last posted its earnings results on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $281.90 million for the quarter, compared to analyst estimates of $281.09 million. The firm’s revenue was up 78.1% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. Equities analysts predict that Triton International Limited will post $2.57 earnings per share for the current year.
In other news, Director Robert W. Alspaugh sold 5,525 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $29.91, for a total value of $165,252.75. Following the transaction, the director now owns 28,487 shares in the company, valued at $852,046.17. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kevin Valentine sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $35.00, for a total value of $70,000.00. Following the completion of the transaction, the insider now owns 61,705 shares in the company, valued at approximately $2,159,675. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,525 shares of company stock worth $470,233.
A number of equities analysts have issued reports on TRTN shares. Zacks Investment Research downgraded Triton International Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 price target on shares of Triton International Limited in a research report on Friday, May 12th. Bank of America Corporation reiterated a “buy” rating and set a $36.00 price target (up previously from $32.00) on shares of Triton International Limited in a research report on Monday, May 15th. Cowen and Company reiterated an “outperform” rating and set a $40.00 price target on shares of Triton International Limited in a research report on Monday, May 15th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $40.00 price target (up previously from $35.00) on shares of Triton International Limited in a research report on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Triton International Limited has an average rating of “Buy” and a consensus target price of $37.50.
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