Equities research analysts expect Textainer Group Holdings Limited (NYSE:TGH) to announce earnings of $0.34 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Textainer Group’s earnings. Textainer Group posted earnings of $0.39 per share during the same quarter last year, which would indicate a negative year over year growth rate of 12.8%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, October 31st.
On average, analysts expect that Textainer Group will report full-year earnings of $1.25 per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of $1.60 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Textainer Group.
Textainer Group (NYSE:TGH) last announced its quarterly earnings data on Tuesday, August 6th. The transportation company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.16). Textainer Group had a net margin of 5.11% and a return on equity of 5.24%. The firm had revenue of $155.11 million during the quarter, compared to analyst estimates of $159.60 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. Textainer Group’s revenue for the quarter was up 4.0% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in TGH. JPMorgan Chase & Co. raised its stake in Textainer Group by 24.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,535 shares of the transportation company’s stock worth $102,000 after acquiring an additional 2,061 shares in the last quarter. M&T Bank Corp acquired a new stake in Textainer Group during the 2nd quarter worth $105,000. Jefferies Group LLC acquired a new stake in Textainer Group during the 2nd quarter worth $137,000. Atria Investments LLC raised its stake in Textainer Group by 31.0% during the 2nd quarter. Atria Investments LLC now owns 28,901 shares of the transportation company’s stock worth $190,000 after acquiring an additional 6,834 shares in the last quarter. Finally, US Bancorp DE raised its stake in Textainer Group by 20.3% during the 2nd quarter. US Bancorp DE now owns 29,558 shares of the transportation company’s stock worth $298,000 after acquiring an additional 4,997 shares in the last quarter. Hedge funds and other institutional investors own 23.07% of the company’s stock.
Shares of TGH traded up $0.22 during midday trading on Tuesday, reaching $10.13. The stock had a trading volume of 142,926 shares, compared to its average volume of 158,617. Textainer Group has a 1-year low of $6.40 and a 1-year high of $14.17. The company’s fifty day simple moving average is $9.87 and its two-hundred day simple moving average is $9.53. The company has a market cap of $565.96 million, a price-to-earnings ratio of 11.26 and a beta of 2.29. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.70 and a quick ratio of 0.70.
About Textainer Group
Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.
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