Brokerages predict that Textainer Group Holdings Limited (NYSE:TGH) will post $134.91 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Textainer Group’s earnings. The lowest sales estimate is $134.70 million and the highest is $135.11 million. Textainer Group posted sales of $116.69 million during the same quarter last year, which would indicate a positive year over year growth rate of 15.6%. The company is expected to issue its next quarterly earnings report on Thursday, May 3rd.
On average, analysts expect that Textainer Group will report full-year sales of $134.91 million for the current financial year, with estimates ranging from $573.02 million to $578.50 million. For the next financial year, analysts expect that the business will report sales of $631.32 million per share, with estimates ranging from $616.70 million to $645.94 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms 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 for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $129.30 million during the quarter, compared to the consensus estimate of $127.91 million. Textainer Group had a net margin of 3.95% and a return on equity of 1.95%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) EPS.
Several analysts have recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $21.00 price objective on shares of Textainer Group in a research report on Friday, February 16th. TheStreet downgraded shares of Textainer Group from a “c-” rating to a “d+” rating in a research report on Tuesday, February 20th. Finally, Zacks Investment Research raised shares of Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research report on Saturday, January 20th. 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’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $24.20.
Several institutional investors and hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System lifted its holdings in shares of Textainer Group by 13.3% in the 3rd quarter. California Public Employees Retirement System now owns 53,346 shares of the transportation company’s stock worth $915,000 after purchasing an additional 6,246 shares in the last quarter. SG Americas Securities LLC bought a new position in Textainer Group during the 4th quarter valued at $186,000. Wells Fargo & Company MN lifted its stake in Textainer Group by 7.9% during the 3rd quarter. Wells Fargo & Company MN now owns 120,275 shares of the transportation company’s stock valued at $2,063,000 after acquiring an additional 8,805 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Textainer Group by 240.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 12,925 shares of the transportation company’s stock valued at $222,000 after acquiring an additional 9,129 shares in the last quarter. Finally, Atria Investments LLC bought a new position in Textainer Group during the 4th quarter valued at $200,000. Institutional investors own 26.96% of the company’s stock.
Shares of TGH stock traded up $0.75 during trading hours on Friday, hitting $17.50. 151,313 shares of the company were exchanged, compared to its average volume of 303,960. The company has a market cap of $973.51, a price-to-earnings ratio of 42.44 and a beta of 2.50. Textainer Group has a fifty-two week low of $9.60 and a fifty-two week high of $26.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.28.
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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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