Triton International CFO sells 20K shares of common stock » 17:2811/2411/24/20
In a regulatory filing,…
In a regulatory filing, Triton International disclosed that its CFO John Burns sold 20K shares of common stock on November 23rd in a total transaction size of $902.5K. The holding represents about 22% of his total owned.
|Over a week ago|
Triton International upgraded to Outperform from Market Perform at CJS Securities » 08:5810/2610/26/20
CJS Securities analyst…
CJS Securities analyst Larry Solow upgraded Triton International to Outperform from Market Perform with a $50 price target.
|Over a month ago|
Triton International raises quarterly dividend to 57c per share » 06:4210/2310/23/20
Payable on December 23 to…
Payable on December 23 to shareholders of record as of December 10.
Triton International sees Q4 adj. EPS up 25% sequentially, consensus $1.21 » 06:3610/2310/23/20
CEO Brian Sondey said,…
CEO Brian Sondey said, "Container demand remains exceptionally strong as we start the fourth quarter. Our customers expect trade volumes to remain solid despite the end of the traditional summer peak season for dry containers. Customers are projecting meaningful container shortages into at least early next year, and they continue to rely heavily on leasing. We will benefit from a full quarter of revenue on the large number of containers picked up in the third quarter, and new containers produced in the fourth quarter should be picked up quickly. We will also benefit from a full period of reduced interest expense from our ABS refinancing. Overall, we expect our Adjusted earnings per share to increase in the range of 25% from the third to the fourth quarter of 2020. Looking forward to next year, the ongoing COVID-19 pandemic continues to create a high level of macro uncertainty for the global economy and trade. However, the vast majority of the containers leased-out over the last few months have been placed on multi-year leases, and the very low inventory of new and used containers available in the market should further support our utilization. In addition, the interest expense reduction from our ABS refinancing will benefit us into 2021 and beyond. As a result, we expect to achieve strong profitability and an attractive Return on equity in 2021."
Triton International reports Q3 adjusted EPS $1.14, consensus $1.06 » 06:3410/2310/23/20
Reports Q3 revenue…
Reports Q3 revenue $327.8M, consensus $335.3M.
Triton International falls -6.9% » 10:0010/0110/01/20
Triton International is…
Triton International is down -6.9%, or -$2.80 to $37.87.
Triton International 10.707M share Spot Secondary priced at $38.25 » 09:4410/0110/01/20
Goldman Sachs acted as…
Goldman Sachs acted as sole book running manager for the offering.
Triton International files to sell 10.7M shares of common stock for holders » 06:5610/0110/01/20
Goldman Sachs & Co.…
Goldman Sachs & Co. is acting as sole underwriter for the offering.
Triton sees Q3 adjusted EPS increasing 20% or more from Q2 » 16:1609/1509/15/20
Consensus 97c. Triton…
Consensus 97c. Triton expects Adjusted EPS to increase further from the third to the fourth quarter of 2020 as Triton benefits from a full period of higher utilization and reduced interest expense.
Triton International files automatic mixed securities shelf 16:4708/2808/28/20