Textainer Group Holdings Ltd. (TGH) Trading Down 2.6%
Shares of Textainer Group Holdings Ltd. (NYSE:TGH) fell 2.6% during trading on Thursday . The stock traded as low as $9.02 and last traded at $9.04, with a volume of 68,282 shares. The stock had previously closed at $9.28.
Several brokerages have commented on TGH. Cowen and Company lowered their price objective on shares of Textainer Group Holdings from $15.00 to $13.00 and set a “market perform” rating for the company in a report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Textainer Group Holdings from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Saturday, May 7th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.33.
The stock’s 50-day moving average is $10.92 and its 200-day moving average is $12.26. The firm has a market capitalization of $496.86 million and a PE ratio of 19.05.
Textainer Group Holdings (NYSE:TGH) last announced its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.09. During the same quarter last year, the company earned $0.66 EPS. The firm had revenue of $127.45 million for the quarter, compared to analysts’ expectations of $125.61 million. The company’s quarterly revenue was down 7.8% on a year-over-year basis. Equities research analysts predict that Textainer Group Holdings Ltd. will post $0.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Stockholders of record on Friday, August 19th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Wednesday, August 17th.
Textainer Group Holdings Limited (TGH) is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company is a lessor of intermodal containers based on fleet size, with a total fleet of more than 2.1 million containers.
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