$0.31 Earnings Per Share Expected for Textainer Group Holdings Limited (TGH) This Quarter

Analysts expect Textainer Group Holdings Limited (NYSE:TGH) to post $0.31 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Textainer Group’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.35. Textainer Group posted earnings of $0.30 per share during the same quarter last year, which suggests a positive year over year growth rate of 3.3%. The business is scheduled to report its next 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 year, with EPS estimates ranging from $1.30 to $1.54. For the next financial year, analysts anticipate that the business will report earnings of $1.50 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Textainer Group.

Textainer Group (NYSE:TGH) last released its earnings results on Thursday, February 21st. The transportation company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.14). The company had revenue of $157.12 million for the quarter, compared to analyst estimates of $146.41 million. Textainer Group had a net margin of 8.68% and a return on equity of 5.53%. Textainer Group’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 earnings per share.

Several equities research analysts have issued reports on TGH shares. Zacks Investment Research raised shares of Textainer Group from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Saturday, February 16th. ValuEngine raised shares of Textainer Group from a “strong sell” rating to a “sell” rating in a report on Friday, January 4th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Textainer Group presently has a consensus rating of “Hold” and a consensus target price of $15.75.

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Textainer Group by 82.0% in the 4th quarter. Bank of America Corp DE now owns 21,773 shares of the transportation company’s stock valued at $217,000 after acquiring an additional 9,807 shares during the period. Camelot Portfolios LLC bought a new stake in Textainer Group during the 4th quarter worth approximately $239,000. Rhumbline Advisers increased its stake in Textainer Group by 42.4% during the 4th quarter. Rhumbline Advisers now owns 39,798 shares of the transportation company’s stock worth $396,000 after purchasing an additional 11,858 shares in the last quarter. LPL Financial LLC increased its stake in Textainer Group by 97.7% during the 4th quarter. LPL Financial LLC now owns 47,562 shares of the transportation company’s stock worth $474,000 after purchasing an additional 23,506 shares in the last quarter. Finally, BlueMountain Capital Management LLC increased its stake in Textainer Group by 72.5% during the 3rd quarter. BlueMountain Capital Management LLC now owns 37,457 shares of the transportation company’s stock worth $479,000 after purchasing an additional 15,746 shares in the last quarter. Institutional investors own 25.50% of the company’s stock.

Textainer Group stock traded down $0.05 on Friday, hitting $9.65. The company’s stock had a trading volume of 161,485 shares, compared to its average volume of 134,125. The firm has a market capitalization of $553.84 million, a PE ratio of 10.72 and a beta of 2.44. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.39 and a quick ratio of 0.74. Textainer Group has a one year low of $9.10 and a one year high of $19.05.

Textainer Group Company Profile

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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