Textainer Group Holdings Ltd. (TGH) Trading Down 2.4%
Shares of Textainer Group Holdings Ltd. (NYSE:TGH) dropped 2.4% during trading on Thursday . The stock traded as low as $8.60 and last traded at $8.68, with a volume of 98,418 shares changing hands. The stock had previously closed at $8.89.
TGH has been the topic of several analyst reports. Zacks Investment Research cut Textainer Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 23rd. Cowen and Company lowered their target price on 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 equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Textainer Group Holdings currently has an average rating of “Hold” and an average target price of $13.33.
The stock’s 50-day moving average price is $10.46 and its 200 day moving average price is $12.24. The stock has a market capitalization of $495.16 million and a PE ratio of 18.98.
Textainer Group Holdings (NYSE:TGH) last released its earnings results on Tuesday, August 9th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.09. The company earned $127.45 million during the quarter, compared to analyst estimates of $125.61 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. The firm’s quarterly revenue 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 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Shareholders of record on Friday, August 19th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was 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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