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.
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.
Read More: Discount Rate
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Textainer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textainer Group and related companies with MarketBeat.com's FREE daily email newsletter.