Back to top

Image: Bigstock

Triton International Limited

Read MoreHide Full Article

Triton International performed impressively in the third quarter of 2018 reporting better-than-expected earnings and revenues. Moreover, both the measures improved on a year over year basis. Results benefited from lower tax rates and growth in operating lease revenues. The company is anticipated to perform well in the fourth quarter as well on the back of tight supply/demand conditions for containers. However, slight seasonal sluggishness might partly offset results in the quarter. However, the tariff exchanges between United States and China has created market uncertainty. It remains to be seen how this affects container trading volumes. Moreover, Triton is a highly leveraged company. Due to these headwinds, shares of the company have underperformed its industry in a year.
 


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Triton International Limited (TRTN) - free report >>

Published in