As of Friday close, Triton International Limited’s (NYSE:TRTN) stock was up $0.07, moving up 0.08 percent to $83.11. The average number of shares traded per day over the past five days has been 501,120 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.88 fall in that time frame. In the last twenty days, the average volume was 463,610, while in the previous 50 days, it was 457,078.
Since last month, TRTN stock retreated -1.58%. Shares of the company fell to $82.76 on 08/18/23, the lowest level in the past month. A 52-week high of $84.68 was reached on 07/07/23 after having rallying from a 52-week low of $53.31. Since the beginning of this year, TRTN’s stock price has risen by 20.83% or $14.33, and marked a new high 11 times. However, the stock has declined by -1.85% since its 52-week high.
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Valuation Metrics
Right now, Triton International Limited (TRTN) has a P/E ratio of about 8.09. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 2.63, the price-to-book (PB) ratio of 1.79, and the price-to-cash flow ratio of 4.00 may also be considered.
The latest dividend of $0.70 per share was paid out, remained unchanged from last year’s $0.70.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.00, and the total debt-to-equity ratio was 3.00. On the profitability front, the trailing twelve-month gross margin is 89.70% percent. In the year ended June 29, EBITDA margin amounted to 86.16%, whereas operating margins totaled 54.50%. Based on annual data, TRTN earned $1.65 billion in gross profit and brought in $1.83 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.20%. Return on equity (ROE) for the past 12 months was 23.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TRTN’s revenue fell -29.1% to $19.1 million during the quarter, while net income inched up to $26.43 million. While analysts expected Triton International Limited to report $2.34 quarterly earnings, the actual figure was $2.38 per share, beating the consensus estimate by 1.70%. During the quarter, the company generated $363.32 million in EBITDA. The liabilities of Triton International Limited were 8.44 billion at the end of its most recent quarter ended June 29, and its total debt was $7.63 billion. The value of shareholders’ equity is $55.06 million.
Technical Picture
This quick technical analysis looks at Triton International Limited’s (TRTN) price momentum. With a historical volatility rate of 4.86%, the RSI 9-day stood at 30.32% on 18 August.
With respect to its five-day moving average, the current Triton International Limited price is down by -1.05% percent or -$0.88. At present, TRTN shares trade -1.41% below its 20-day simple moving average and +33.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.30% below its SMA50 and +36.94% above its SMA200.
Stochastic coefficient K was 18.15% and Stochastic coefficient D was 26.39%, while ATR was 0.41. Given the Stochastic reading of 22.01% for the 14-day period, the RSI (14) reading has been calculated as 36.09%. As of today, the MACD Oscillator reading stands at -0.40, while the 14-day reading stands at -0.54.
Analyst Ratings
Triton International Limited downgraded its rating on Triton International Limited (NYSE: TRTN) to an Underperform in a note to investors on April 08, 2022. The analysts firm previously had a Buy rating on the stock.Triton International Limited (TRTN) has been rated Hold by analysts. According to 0 brokerage firms, TRTN is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Triton International Limited stock as buy, with 0 recommending it as overweight.
With a median target price of $85.00, the current consensus forecast for the stock is $85.00 – $85.00. Based on these forecasts, analysts predict Triton International Limited (TRTN) will achieve an average price target of $85.00.
