Wall Street analysts predict that Textainer Group Holdings Limited (NYSE:TGH) will post earnings per share of $0.31 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Textainer Group’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.26. Textainer Group posted earnings of ($0.16) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 293.8%. The firm is expected to announce its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Textainer Group will report full year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.65. For the next fiscal year, analysts expect that the business will report earnings of $1.68 per share, with EPS estimates ranging from $1.55 to $1.85. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Textainer Group.
Textainer Group (NYSE:TGH) last released its earnings results on Thursday, February 15th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.07. The company had revenue of $129.30 million for the quarter, compared to analyst estimates of $127.91 million. Textainer Group had a net margin of 3.95% and a return on equity of 1.95%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.24) EPS.
TGH has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Saturday, January 20th. SunTrust Banks reiterated a “buy” rating and set a $25.00 target price on shares of Textainer Group in a report on Friday, November 10th. TheStreet lowered shares of Textainer Group from a “c-” rating to a “d+” rating in a report on Tuesday, February 20th. Cowen raised their price objective on shares of Textainer Group from $21.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $22.00 price objective on shares of Textainer Group in a report on Sunday, November 19th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Textainer Group has a consensus rating of “Buy” and a consensus target price of $24.20.
Several institutional investors and hedge funds have recently made changes to their positions in TGH. Glenmede Trust Co. NA acquired a new stake in shares of Textainer Group in the 4th quarter valued at $11,671,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Textainer Group in the 3rd quarter valued at $7,835,000. Monarch Partners Asset Management LLC raised its holdings in shares of Textainer Group by 845.5% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 350,490 shares of the transportation company’s stock valued at $6,011,000 after purchasing an additional 313,420 shares in the last quarter. Brightline Capital Management LLC acquired a new stake in shares of Textainer Group in the 4th quarter valued at $5,268,000. Finally, Bogle Investment Management L P DE acquired a new stake in shares of Textainer Group in the 4th quarter valued at $2,446,000. Institutional investors and hedge funds own 26.96% of the company’s stock.
Textainer Group (TGH) traded down $0.25 during trading on Friday, reaching $17.10. 188,359 shares of the company’s stock were exchanged, compared to its average volume of 365,869. The firm has a market cap of $944.96, a price-to-earnings ratio of 50.51 and a beta of 2.55. Textainer Group has a 12 month low of $9.60 and a 12 month high of $26.50. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.85 and a current ratio of 0.85.
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Textainer Group Company Profile
Textainer Group Holdings Limited is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers.
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