Textainer Group Holdings Ltd. (TGH) Stock Price Up 2.6%
Shares of Textainer Group Holdings Ltd. (NYSE:TGH) rose 2.6% on Monday . The stock traded as high as $9.02 and last traded at $9.01, with a volume of 122,498 shares trading hands. The stock had previously closed at $8.78.
TGH has been the topic of several research analyst reports. Zacks Investment Research lowered Textainer Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 23rd. Cowen and Company reduced their price objective on Textainer Group Holdings from $15.00 to $9.00 and set a “market perform” rating on the stock in a research note on Thursday, May 5th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $13.33.
The company has a market cap of $499.69 million and a P/E ratio of 19.15. The company has a 50-day moving average price of $10.92 and a 200-day moving average price of $12.26.
Textainer Group Holdings (NYSE:TGH) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.09. The company earned $127.45 million during the quarter, compared to the consensus estimate of $125.61 million. During the same quarter last year, the firm posted $0.66 EPS. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, equities research analysts predict that Textainer Group Holdings Ltd. will post $0.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Friday, August 19th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.36%.
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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