Equities analysts expect Textainer Group Holdings Limited (NYSE:TGH) to announce $0.31 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Textainer Group’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.26. Textainer Group reported earnings per share of $0.30 in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.3%. The company is scheduled to issue its next quarterly earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Textainer Group will report full-year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.54. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.50 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Textainer Group.

Textainer Group (NYSE:TGH) last issued its quarterly earnings results on Thursday, February 21st. The transportation company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.15). Textainer Group had a return on equity of 5.53% and a net margin of 8.68%. The company had revenue of $157.12 million for the quarter, compared to the consensus estimate of $146.41 million. During the same period in the previous year, the business posted $0.26 EPS. The business’s revenue for the quarter was up 21.1% on a year-over-year basis.

A number of equities analysts have issued reports on TGH shares. Zacks Investment Research cut shares of Textainer Group from a “buy” rating to a “hold” rating in a report on Saturday, February 9th. ValuEngine cut shares of Textainer Group from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.75.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Textainer Group by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,416,208 shares of the transportation company’s stock worth $14,105,000 after acquiring an additional 145,244 shares during the last quarter. BlackRock Inc. lifted its holdings in Textainer Group by 3.1% in the fourth quarter. BlackRock Inc. now owns 1,367,261 shares of the transportation company’s stock worth $13,618,000 after acquiring an additional 40,927 shares during the last quarter. Rutabaga Capital Management LLC MA lifted its holdings in Textainer Group by 3.5% in the fourth quarter. Rutabaga Capital Management LLC MA now owns 1,079,813 shares of the transportation company’s stock worth $10,755,000 after acquiring an additional 36,165 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Textainer Group by 1,166,228.0% in the third quarter. Clearbridge Investments LLC now owns 956,389 shares of the transportation company’s stock worth $12,242,000 after acquiring an additional 956,307 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Textainer Group by 21.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 878,390 shares of the transportation company’s stock worth $8,749,000 after acquiring an additional 155,850 shares during the last quarter. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TGH stock traded down $0.11 during trading hours on Monday, hitting $10.39. 98,526 shares of the company were exchanged, compared to its average volume of 139,584. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.39 and a current ratio of 1.39. Textainer Group has a one year low of $9.10 and a one year high of $19.05. The stock has a market capitalization of $590.99 million, a price-to-earnings ratio of 11.54 and a beta of 2.42.

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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