Textainer Group Holdings Limited to Post FY2017 Earnings of $0.18 Per Share, SunTrust Banks Forecasts (TGH)

Textainer Group Holdings Limited (NYSE:TGH) – Equities research analysts at SunTrust Banks dropped their FY2017 earnings per share estimates for shares of Textainer Group Holdings Limited in a research note issued on Tuesday. SunTrust Banks analyst D. Mewhirter now anticipates that the transportation company will post earnings of $0.18 per share for the year, down from their prior forecast of $0.24. SunTrust Banks has a “Buy” rating and a $19.00 price target on the stock. SunTrust Banks also issued estimates for Textainer Group Holdings Limited’s Q3 2018 earnings at $0.32 EPS.

Several other analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 target price on shares of Textainer Group Holdings Limited in a research report on Thursday. ValuEngine upgraded shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Cowen and Company restated a “buy” rating and set a $21.00 target price on shares of Textainer Group Holdings Limited in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.75.

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Textainer Group Holdings Limited (NYSE:TGH) opened at 16.45 on Thursday. The stock’s market cap is $934.26 million. The stock has a 50 day moving average price of $14.98 and a 200 day moving average price of $14.11. Textainer Group Holdings Limited has a 12-month low of $6.90 and a 12-month high of $17.60.

Textainer Group Holdings Limited (NYSE:TGH) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The company had revenue of $119.25 million during the quarter, compared to analysts’ expectations of $120.62 million. Textainer Group Holdings Limited had a negative return on equity of 6.44% and a negative net margin of 13.12%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS.

A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Textainer Group Holdings Limited during the fourth quarter worth $516,000. State Street Corp raised its stake in Textainer Group Holdings Limited by 17.2% in the fourth quarter. State Street Corp now owns 406,172 shares of the transportation company’s stock worth $3,026,000 after buying an additional 59,500 shares during the period. Dimensional Fund Advisors LP raised its stake in Textainer Group Holdings Limited by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 748,540 shares of the transportation company’s stock worth $5,577,000 after buying an additional 46,913 shares during the period. Renaissance Technologies LLC raised its stake in Textainer Group Holdings Limited by 83.4% in the fourth quarter. Renaissance Technologies LLC now owns 220,100 shares of the transportation company’s stock worth $1,640,000 after buying an additional 100,100 shares during the period. Finally, Norges Bank purchased a new stake in Textainer Group Holdings Limited during the fourth quarter worth $1,207,000. 21.59% of the stock is currently owned by institutional investors.

About Textainer Group Holdings Limited

Textainer Group Holdings Limited is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers.

Earnings History and Estimates for Textainer Group Holdings Limited (NYSE:TGH)

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