Triton International - TRTN Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Triton International in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TRTN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TRTN, but not buy additional shares or sell existing shares.
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2 Wall Street analysts have issued 1-year price objectives for Triton International's stock. Their TRTN share price forecasts range from $53.00 to $80.00. On average, they expect the company's share price to reach $66.50 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price.
View analysts price targets for TRTN or view top-rated stocks among Wall Street analysts.

Triton International's stock was trading at $60.23 at the beginning of the year. Since then, TRTN shares have decreased by 1.7% and is now trading at $59.19.
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Triton International saw a increase in short interest in August. As of August 15th, there was short interest totaling 2,390,000 shares, an increase of 18.3% from the July 31st total of 2,020,000 shares. Based on an average trading volume of 412,100 shares, the days-to-cover ratio is presently 5.8 days. Approximately 3.9% of the shares of the company are sold short.
View Triton International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our TRTN earnings forecast.

Triton International Limited (NYSE:TRTN) released its quarterly earnings data on Thursday, July, 28th. The company reported $2.92 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.29. The business earned $421.60 million during the quarter, compared to analysts' expectations of $419.95 million. Triton International had a net margin of 43.30% and a trailing twelve-month return on equity of 31.58%. The business's quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.14 EPS.

Triton International declared a quarterly dividend on Friday, July 29th. Shareholders of record on Thursday, September 8th will be paid a dividend of $0.65 per share on Thursday, September 22nd. This represents a $2.60 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Wednesday, September 7th.
Read our dividend analysis for TRTN.

Triton International (NYSE:TRTN) pays an annual dividend of $2.60 per share and currently has a dividend yield of 4.37%. TRTN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRTN will have a dividend payout ratio of 24.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TRTN.

Based on aggregate information from My MarketBeat watchlists, some companies that other Triton International investors own include Main Street Capital (MAIN), AT&T (T), Pfizer (PFE), Energy Transfer (ET), AbbVie (ABBV), Blackstone (BX), Micron Technology (MU), Verizon Communications (VZ), Enterprise Products Partners (EPD) and Cisco Systems (CSCO).

Triton International trades on the New York Stock Exchange (NYSE) under the ticker symbol "TRTN."

Triton International's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Donald Smith & CO. Inc. (0.98%), Driehaus Capital Management LLC (0.60%), Wedge Capital Management L L P NC (0.37%), Citadel Advisors LLC (0.00%), PEAK6 Investments LLC (0.00%) and Janney Montgomery Scott LLC (0.26%). Insiders that own company stock include Claude Germain, Global Ltd Bharti, John Burns, John F O'callaghan, Kevin Valentine, Michelle Gallagher, Robert W Alspaugh, Simon R Vernon and Vestar/Triton Investments Iii,.
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Shares of TRTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TRTN stock can currently be purchased for approximately $59.19.

Triton International (NYSE:TRTN) has a market capitalization of $3.67 billion and generates $1.53 billion in revenue each year. The company earns $530.24 million in net income (profit) each year or $10.18 on an earnings per share basis.

The company employs 237 workers across the globe.

Triton International's mailing address is VICTORIA PLACE 5TH FLOOR 31 VICTORIA STREET, HAMILTON D0, HM 10. The official website for the company is www.tritoninternational.com. The company can be reached via phone at (441) 294-8033, via email at trtn.investors@trtn.com, or via fax at 441-295-3328.