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 year. There are currently 1 sell rating and 1 hold 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 targets for Triton International's shares. Their TRTN share price forecasts range from $53.00 to $74.00. On average, they anticipate the company's share price to reach $63.50 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price.
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Triton International's stock was trading at $68.78 at the beginning of the year. Since then, TRTN shares have decreased by 8.6% and is now trading at $62.86.
View the best growth stocks for 2023 here.

Triton International saw a decrease in short interest in March. As of March 15th, there was short interest totaling 1,530,000 shares, a decrease of 18.6% from the February 28th total of 1,880,000 shares. Based on an average daily volume of 442,200 shares, the short-interest ratio is currently 3.5 days. Approximately 2.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our TRTN earnings forecast.

Triton International Limited (NYSE:TRTN) released its quarterly earnings data on Tuesday, February, 14th. The company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.70 by $0.06. The firm had revenue of $416.30 million for the quarter, compared to the consensus estimate of $420.44 million. Triton International had a net margin of 44.47% and a trailing twelve-month return on equity of 30.10%. The business's revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.67 earnings per share.

Triton International announced a quarterly dividend on Tuesday, February 14th. Stockholders of record on Friday, March 10th will be given a dividend of $0.70 per share on Friday, March 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Thursday, March 9th.
Read our dividend analysis for TRTN.

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

Triton International (NYSE:TRTN) pays an annual dividend of $2.80 per share and currently has a dividend yield of 4.50%. 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 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TRTN will have a dividend payout ratio of 29.26% 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 number of retail and institutional investors. Top institutional shareholders include LSV Asset Management (2.91%), Geode Capital Management LLC (1.83%), Donald Smith & CO. Inc. (0.95%), Fiduciary Management Inc. WI (0.82%), UBS Group AG (0.00%) and Jefferies Financial Group Inc. (0.00%). 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 $62.86.

Triton International (NYSE:TRTN) has a market capitalization of $3.52 billion and generates $1.68 billion in revenue each year. The company earns $746.92 million in net income (profit) each year or $11.17 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.