Triton International Limited (NASDAQ:TRTN) – SunTrust Banks decreased their Q3 2017 earnings estimates for Triton International Limited in a report issued on Friday. SunTrust Banks analyst D. Mewhirter now anticipates that the company will post earnings per share of $0.73 for the quarter, down from their prior forecast of $0.74. SunTrust Banks currently has a “Buy” rating and a $40.00 price target on the stock. SunTrust Banks also issued estimates for Triton International Limited’s Q4 2018 earnings at $1.01 EPS.
Triton International Limited (NASDAQ:TRTN) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The firm had revenue of $281.90 million for the quarter, compared to analysts’ expectations of $281.09 million. During the same period last year, the company posted $0.88 earnings per share. The business’s revenue for the quarter was up 78.1% compared to the same quarter last year.
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TRTN has been the topic of several other research reports. Zacks Investment Research upgraded Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Thursday, July 27th. Cowen and Company reiterated a “buy” rating and issued a $44.00 target price (up previously from $40.00) on shares of Triton International Limited in a research note on Thursday, August 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $35.00 target price on shares of Triton International Limited in a research note on Thursday, August 10th. Finally, BidaskClub lowered Triton International Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Triton International Limited presently has an average rating of “Buy” and a consensus price target of $37.50.
Shares of Triton International Limited (NASDAQ:TRTN) opened at 32.55 on Monday. Triton International Limited has a 12 month low of $11.50 and a 12 month high of $38.19. The company’s 50-day moving average is $35.59 and its 200 day moving average is $30.50. The stock has a market capitalization of $2.43 billion and a P/E ratio of 45.91.
Several hedge funds have recently modified their holdings of TRTN. Teachers Advisors LLC grew its stake in shares of Triton International Limited by 31.0% during the fourth quarter. Teachers Advisors LLC now owns 97,419 shares of the company’s stock worth $1,539,000 after acquiring an additional 23,047 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Triton International Limited during the first quarter worth about $366,000. Russell Investments Group Ltd. grew its stake in shares of Triton International Limited by 159.8% during the first quarter. Russell Investments Group Ltd. now owns 27,537 shares of the company’s stock worth $711,000 after acquiring an additional 16,937 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Triton International Limited by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 244,857 shares of the company’s stock worth $6,316,000 after acquiring an additional 3,096 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new stake in shares of Triton International Limited during the first quarter worth about $221,000.
In other news, insider Kevin Valentine sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $35.00, for a total transaction of $70,000.00. Following the sale, the insider now owns 61,705 shares in the company, valued at $2,159,675. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be paid a $0.45 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.80 annualized dividend and a yield of 5.53%.
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