Textainer Group Holdings Ltd. (TGH) Shares Down 2.4%
Textainer Group Holdings Ltd. (NYSE:TGH) shares traded down 2.4% during trading on Thursday . The company traded as low as $8.60 and last traded at $8.68, with a volume of 98,418 shares trading hands. The stock had previously closed at $8.89.
A number of research analysts have commented on the stock. Cowen and Company dropped their price objective on shares of Textainer Group Holdings from $15.00 to $13.00 and set a “market perform” rating on the stock in a research note 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 on the stock in a research note on Saturday, May 7th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.33.
The stock has a market cap of $488.94 million and a price-to-earnings ratio of 18.74. The stock has a 50-day moving average price of $10.67 and a 200 day moving average price of $12.30.
Textainer Group Holdings (NYSE:TGH) last announced its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.09. The firm had revenue of $127.45 million for the quarter, compared to analyst estimates of $125.61 million. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 EPS. Equities research analysts predict that Textainer Group Holdings Ltd. will post $0.32 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Friday, August 19th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.12 annualized dividend and a dividend yield of 1.39%.
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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