Textainer Group Holdings Ltd. (TGH) Shares Down 2.6%
Textainer Group Holdings Ltd. (NYSE:TGH) dropped 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 traded. The stock had previously closed at $9.28.
TGH has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Textainer Group Holdings from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Saturday, May 7th. Cowen and Company decreased their target price on shares of Textainer Group Holdings from $15.00 to $13.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $13.33.
The stock has a 50-day moving average of $11.02 and a 200-day moving average of $12.29. The stock has a market capitalization of $511.01 million and a price-to-earnings ratio of 19.59.
Textainer Group Holdings (NYSE:TGH) last posted its earnings results on Tuesday, August 9th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.09. During the same period in the previous year, the business earned $0.66 EPS. The company earned $127.45 million during the quarter, compared to analyst estimates of $125.61 million. Textainer Group Holdings’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, analysts forecast that Textainer Group Holdings Ltd. will post $0.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Friday, August 19th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.12 annualized dividend and a dividend yield of 1.33%.
A hedge fund recently raised its stake in Textainer Group Holdings stock. Schwab Charles Investment Management Inc. increased its stake in Textainer Group Holdings Ltd. (NYSE:TGH) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,533 shares of the company’s stock after buying an additional 3,199 shares during the period. Schwab Charles Investment Management Inc. owned 0.17% of Textainer Group Holdings worth $1,348,000 as of its most recent filing with the SEC.
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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