Triton International (TRTN) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Triton International in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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 analysts have issued 12-month target prices for Triton International's stock. Their TRTN share price forecasts range from $74.00 to $74.00. On average, they anticipate the company's share price to reach $74.00 in the next twelve months. This suggests that the stock has a possible downside of 11.3%.
View analysts price targets for TRTN or view top-rated stocks among Wall Street analysts.

Triton International's stock was trading at $68.78 at the beginning of the year. Since then, TRTN shares have increased by 21.2% and is now trading at $83.39.
View the best growth stocks for 2023 here.

Triton International saw a decline in short interest in April. As of April 30th, there was short interest totaling 1,100,000 shares, a decline of 26.7% from the April 15th total of 1,500,000 shares. Based on an average trading volume of 805,800 shares, the short-interest ratio is currently 1.4 days. Currently, 2.0% of the shares of the stock are sold short.
View Triton International's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our TRTN earnings forecast.

Triton International Limited (NYSE:TRTN) posted its quarterly earnings data on Tuesday, May, 2nd. The company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.17. The company had revenue of $397.70 million for the quarter, compared to analysts' expectations of $394.60 million. Triton International had a net margin of 42.31% and a trailing twelve-month return on equity of 28.48%. The company's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.76 earnings per share.

Triton International announced a quarterly dividend on Tuesday, May 2nd. Investors of record on Thursday, June 8th will be paid a dividend of $0.70 per share on Thursday, June 22nd. This represents a $2.80 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, June 7th.
Read our dividend analysis for TRTN.

ETFs with the largest weight of Triton International (NYSE:TRTN) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), Invesco DWA Industrials Momentum ETF (PRN), First Trust Nasdaq Transportation ETF (FTXR), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco Zacks Multi-Asset Income ETF (CVY), Avantis U.S. Small Cap Value ETF (AVUV), First Trust Mid Cap Value AlphaDEX Fund (FNK) and Franklin U.S. Small Cap Multifactor Index ETF (FLQS).

Triton International (NYSE:TRTN) pays an annual dividend of $2.80 per share and currently has a dividend yield of 3.39%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRTN will have a dividend payout ratio of 28.69% 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 institutional and retail investors. Top institutional shareholders include Brookfield Corp ON (4.81%), LSV Asset Management (3.09%), Geode Capital Management LLC (2.17%), Donald Smith & CO. Inc. (1.01%), Van Lanschot Kempen Investment Management N.V. (0.63%) and Ameriprise Financial Inc. (0.60%). 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 $83.39.

Triton International (NYSE:TRTN) has a market capitalization of $4.59 billion and generates $1.68 billion in revenue each year. The company earns $746.92 million in net income (profit) each year or $10.83 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.