Textainer Group - TGH Stock Forecast, Price & News

Textainer Group's stock was trading at $31.01 at the beginning of 2023. Since then, TGH shares have increased by 1.3% and is now trading at $31.42.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our TGH earnings forecast.

Textainer Group Holdings Limited (NYSE:TGH) posted its quarterly earnings results on Thursday, November, 4th. The transportation company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.33. The transportation company earned $195.83 million during the quarter, compared to analysts' expectations of $193.43 million. Textainer Group had a net margin of 38.20% and a trailing twelve-month return on equity of 18.82%. During the same quarter last year, the business earned $0.41 earnings per share.

Textainer Group declared a quarterly dividend on Tuesday, February 14th. Investors of record on Friday, March 3rd will be given a dividend of $0.30 per share on Wednesday, March 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Thursday, March 2nd. This is an increase from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for TGH.

ETFs with the largest weight of Textainer Group (NYSE:TGH) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco Zacks Multi-Asset Income ETF (CVY).Avantis U.S. Small Cap Value ETF (AVUV) and

Textainer Group (NYSE:TGH) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGH will have a dividend payout ratio of 24.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGH.

6 employees have rated Textainer Group Chief Executive Officer Antonius Wagner on Glassdoor.com. Antonius Wagner has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Textainer Group investors own include Intersect ENT (XENT), SEASPAN CORP/SH SH (SSW), iShares MSCI Brazil ETF (EWZ), Costamare (CMRE), Nordic American Tankers (NAT), Mimecast (MIME), AT&T (T), Walt Disney (DIS), Kinder Morgan (KMI) and NVIDIA (NVDA).

Textainer Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGH."

Textainer Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.09%), Donald Smith & CO. Inc. (5.55%), Clearbridge Investments LLC (1.64%), Arrowstreet Capital Limited Partnership (0.98%), American Century Companies Inc. (0.88%) and Geode Capital Management LLC (0.82%).
View institutional ownership trends.

Shares of TGH 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 TGH stock can currently be purchased for approximately $31.42.

Textainer Group (NYSE:TGH) has a market capitalization of $1.37 billion and generates $810.01 million in revenue each year. The transportation company earns $309.42 million in net income (profit) each year or $6.12 on an earnings per share basis.

The company employs 164 workers across the globe.

Textainer Group's mailing address is CENTURY HOUSE 16 PAR-LA-VILLE ROAD, HAMILTON D0, HM HX. The official website for the company is www.textainer.com. The transportation company can be reached via phone at (441) 296-2500, via email at investor_relations@textainer.com, or via fax at 441-295-4164.