Triton International Limited (NYSE:TRTN) is reporting third quarter financial results on Friday 23rd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, TRTN is expected to report 3Q20 income of $ 1.06 per share from revenue of $ 335.30 million.
For the full year, analysts anticipate top line of $ 1318.85 million, while looking forward to income of $ 4.07 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.03 ~ $ 1.03 per share
Click Here For More Historical Outlooks Of Triton International Limited
Previous Quarter Performance
Triton International Limited came out with income for the second quarter of $ 0.86 per share, from the revenue of $ 321.40 million, On adjusted basis, TRTN reported income for the quarter of $ 0.86 per share. The quarterly earnings 23.21 percent while revenues reduced 5.07 percent compared with the same quarter last year. According to street consensus, TRTN was expected to report 2Q20 income of $ 0.78 per share from revenue of $ 309.50 million. The bottom line results beat street analysts by $ 0.08 or 10.26 percent, at the same time, top line results outshined analysts by $ 11.90 million or 3.84 percent.
Stock Performance
Shares of Triton International Limited traded up $ 0.09 or 0.25 percent on Thursday, reaching $ 36.66 with volume of 682.70 thousand shares. Triton International Limited has traded high as $ 36.92 and has cracked $ 36.37 on the downward trend
The closing price of $ 36.66, representing a 84.70 % increase from the 52 week low of $ 19.80 and a 11.96 % decrease over the 52 week high of $ 41.54.
The company has a market capital of $ 2.52 billion and is part of the Industrials sector and Rental & Leasing Services industry.
Recent Analyst recommendations
- On 16th September 2020, maintained by Bank of America at Buy rating, with $ 46.00 target price.
- On 28th August 2020, maintained by Bank of America at Buy rating, with $ 43.00 target price.
Recent Stock Dividend Announcement
On July 24, 2020, the board of directors authorized quarterly dividend of $ 0.52 per share to holders of record as of the close of business on September 10, 2020, with payment date of September 24, 2020 and ex-dividend date on September 9, 2020.
Conference Call
Triton International Limited will be hosting a conference call at 8:30 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.trtn.com
Triton International Limited engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal transportation equipment to shipping lines, and freight forwarding companies and manufacturers. It operates in two segments, Equipment Leasing and Equipment Trading. The company primarily leases dry, refrigerated, special, and tank containers; and chassis used for the transportation of intermodal containers, as well as provides container management services.
