We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Triton (TRTN) Shares Up 105.6% in a Year: More Upside Ahead?
Read MoreHide Full Article
Shares of Triton International have had a dream run on the bourse in the past year, surging 105.6%, well above its industry’s 90.8% appreciation during the same time frame.
Given this backdrop, let’s take a look at the factors responsible for this stupendous price performance and also examine whether or not there exists scope for further upside.
We are impressed by Triton International’s commitment to reward shareholders through dividend payments and share buybacks despite the coronavirus-related adversities. Since the launch of its existing share-buyback program, the company has bought back more than 13.9 million shares. It also has a track record of consistent dividend payments. Notably, in October 2020, Triton International’s board announced an approximate 10% hike in its quarterly dividend to 57 cents per share (annually: $2.28).
Gradual increase in trade volumes and container demand bode well for the company. With easing pandemic-led restrictions in the United States and Europe, the company saw a strong rebound in its business in the third as well as the fourth quarters of 2020.
Triton anticipates the first quarter of 2021 to benefit from “near-maximum utilization and a large number of new containers going on-hire as they are produced”. For the current quarter, management estimates adjusted earnings per share to be either flat or increase slightly from the fourth quarter of 2020. Anticipating the surge in container demand to continue, Triton projects the adjusted earnings per share to be much higher in 2021 than in 2020.
The Zacks Consensus Estimate for current-quarter earnings has been revised 16.6% upward over the past 60 days. Also, the Zacks Consensus Estimate for the ongoing-year earnings has been revised 21.4% upward over the past 60 days. Adding to the bullish scenario, the consensus mark for 2022 earnings has moved 17% north during the same time frame.
Investors interested in the broader Zacks Transportation sector may also consider Herc Holdings (HRI - Free Report) , Textainer Group Holdings Limited and Star Bulk Carriers (SBLK - Free Report) , all flaunting the same Zacks rank as Triton.
Shares of Herc, Textainer and Star Bulk have skyrocketed more than 328%, 223% and 169%, respectively, in a year’s time.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Image: Bigstock
Triton (TRTN) Shares Up 105.6% in a Year: More Upside Ahead?
Shares of Triton International have had a dream run on the bourse in the past year, surging 105.6%, well above its industry’s 90.8% appreciation during the same time frame.
Given this backdrop, let’s take a look at the factors responsible for this stupendous price performance and also examine whether or not there exists scope for further upside.
We are impressed by Triton International’s commitment to reward shareholders through dividend payments and share buybacks despite the coronavirus-related adversities. Since the launch of its existing share-buyback program, the company has bought back more than 13.9 million shares. It also has a track record of consistent dividend payments. Notably, in October 2020, Triton International’s board announced an approximate 10% hike in its quarterly dividend to 57 cents per share (annually: $2.28).
Gradual increase in trade volumes and container demand bode well for the company. With easing pandemic-led restrictions in the United States and Europe, the company saw a strong rebound in its business in the third as well as the fourth quarters of 2020.
Triton anticipates the first quarter of 2021 to benefit from “near-maximum utilization and a large number of new containers going on-hire as they are produced”. For the current quarter, management estimates adjusted earnings per share to be either flat or increase slightly from the fourth quarter of 2020. Anticipating the surge in container demand to continue, Triton projects the adjusted earnings per share to be much higher in 2021 than in 2020.
The Zacks Consensus Estimate for current-quarter earnings has been revised 16.6% upward over the past 60 days. Also, the Zacks Consensus Estimate for the ongoing-year earnings has been revised 21.4% upward over the past 60 days. Adding to the bullish scenario, the consensus mark for 2022 earnings has moved 17% north during the same time frame.
Such favorable estimate revisions reflect brokers’ lack of confidence in the stock, currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks Worth Considerin
Investors interested in the broader Zacks Transportation sector may also consider Herc Holdings (HRI - Free Report) , Textainer Group Holdings Limited and Star Bulk Carriers (SBLK - Free Report) , all flaunting the same Zacks rank as Triton.
Shares of Herc, Textainer and Star Bulk have skyrocketed more than 328%, 223% and 169%, respectively, in a year’s time.
Legal Marijuana: An Investor’s Dream
Imagine getting in early on a young industry primed to skyrocket from $17.7 billion in 2019 to an expected $73.6 billion by 2027.
Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.
Download Marijuana Moneymakers FREE >>