Triton International Limited (TRTN) to Release Quarterly Earnings on Wednesday
Triton International Limited (NASDAQ:TRTN) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.72 per share for the quarter.
Triton International Limited (NASDAQ:TRTN) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The company had revenue of $281.90 million during the quarter, compared to analysts’ expectations of $281.09 million. Triton International Limited’s revenue for the quarter was up 78.1% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share.
Shares of Triton International Limited (TRTN) opened at $40.84 on Monday. Triton International Limited has a 52-week low of $11.50 and a 52-week high of $41.29.
In related news, VP Michelle Gallagher sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.00, for a total value of $40,000.00. Following the transaction, the vice president now directly owns 23,158 shares in the company, valued at $926,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $35.00 price objective on shares of Triton International Limited in a report on Thursday, August 10th. BidaskClub cut Triton International Limited from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. Wells Fargo & Company upped their price objective on Triton International Limited from $39.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Cowen and Company reiterated a “buy” rating and issued a $44.00 price objective (up from $40.00) on shares of Triton International Limited in a report on Thursday, August 10th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $40.00 price objective (up from $35.00) on shares of Triton International Limited in a report on Thursday, August 10th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $39.50.
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