Triton International Limited (TRTN) Posts Earnings Results, Beats Expectations By $0.04 EPS

Triton International Limited (NASDAQ:TRTN) issued its quarterly earnings data on Tuesday. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04, Briefing.com reports. The company had revenue of $281.90 million for the quarter, compared to analyst estimates of $281.09 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company’s revenue was up 78.1% on a year-over-year basis.

Shares of Triton International Limited (NASDAQ TRTN) traded down 1.21% during midday trading on Tuesday, hitting $36.76. 368,796 shares of the company were exchanged. Triton International Limited has a one year low of $11.50 and a one year high of $37.81. The firm’s 50 day moving average price is $34.26 and its 200 day moving average price is $28.34.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Triton International Limited from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Thursday, July 27th. Cowen and Company restated an “outperform” rating and set a $40.00 price objective on shares of Triton International Limited in a report on Monday, June 19th. Bank of America Corporation restated a “buy” rating and set a $36.00 price objective (up from $32.00) on shares of Triton International Limited in a report on Monday, May 15th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 price objective on shares of Triton International Limited in a report on Friday, May 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Triton International Limited currently has a consensus rating of “Buy” and an average target price of $34.00.

In other Triton International Limited news, insider Kevin Valentine sold 2,000 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $35.00, for a total transaction of $70,000.00. Following the transaction, the insider now owns 61,705 shares in the company, valued at $2,159,675. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert W. Alspaugh sold 5,525 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $29.91, for a total transaction of $165,252.75. Following the transaction, the director now owns 28,487 shares in the company, valued at approximately $852,046.17. The disclosure for this sale can be found here. Insiders have sold a total of 15,525 shares of company stock worth $470,233 in the last quarter.

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