SunTrust Banks, Inc. reiterated their buy rating on shares of Triton International Limited (NASDAQ:TRTN) in a research note published on Thursday morning. The firm currently has a $40.00 target price on the stock, up from their previous target price of $35.00. SunTrust Banks also issued estimates for Triton International Limited’s Q4 2017 earnings at $0.78 EPS, FY2017 earnings at $2.64 EPS, Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $0.87 EPS, Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $0.97 EPS and FY2018 earnings at $3.59 EPS.
TRTN has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Triton International Limited from a strong-buy rating to a hold rating in a research report on Tuesday, April 18th. Keefe, Bruyette & Woods reissued a hold rating and issued a $28.00 price objective on shares of Triton International Limited in a research report on Friday, May 12th. Bank of America Corporation reissued a buy rating and issued a $36.00 price objective (up previously from $32.00) on shares of Triton International Limited in a research report on Monday, May 15th. Finally, Cowen and Company reissued an outperform rating and issued a $40.00 price objective on shares of Triton International Limited in a research report on Monday, May 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $37.50.
Triton International Limited (NASDAQ TRTN) opened at 33.92 on Thursday. Triton International Limited has a 1-year low of $11.50 and a 1-year high of $37.82. The firm has a 50-day moving average of $34.55 and a 200 day moving average of $28.93.
Triton International Limited (NASDAQ:TRTN) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. The company had revenue of $281.90 million during the quarter, compared to the consensus estimate of $281.09 million. During the same period in the previous year, the firm posted $0.88 EPS. The business’s quarterly revenue was up 78.1% compared to the same quarter last year. Equities research analysts expect that Triton International Limited will post $2.57 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.80 dividend on an annualized basis and a yield of 5.31%.
In other Triton International Limited news, Director Robert W. Alspaugh sold 5,525 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $29.91, for a total value of $165,252.75. Following the transaction, the director now directly owns 28,487 shares in the company, valued at $852,046.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kevin Valentine sold 2,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $27.50, for a total transaction of $55,000.00. Following the completion of the transaction, the insider now owns 67,705 shares in the company, valued at $1,861,887.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,525 shares of company stock worth $470,233.
Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Triton International Limited during the fourth quarter valued at approximately $172,000. Karp Capital Management Corp bought a new position in Triton International Limited during the first quarter valued at approximately $221,000. Pillar Pacific Capital Management LLC bought a new position in Triton International Limited during the second quarter valued at approximately $301,000. Tudor Investment Corp ET AL bought a new position in Triton International Limited during the first quarter valued at approximately $329,000. Finally, Nisa Investment Advisors LLC bought a new position in Triton International Limited during the first quarter valued at approximately $366,000.
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