Textainer Group Holdings Limited (TGH) Set to Announce Earnings on Tuesday
Textainer Group Holdings Limited (NYSE:TGH) is scheduled to release its earnings data before the market opens on Tuesday, August 8th. Analysts expect Textainer Group Holdings Limited to post earnings of $0.04 per share for the quarter.
Textainer Group Holdings Limited (NYSE:TGH) last released its quarterly earnings results on Thursday, May 4th. The transportation company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.01. Textainer Group Holdings Limited had a negative return on equity of 6.01% and a negative net margin of 11.27%. The firm had revenue of $116.87 million for the quarter, compared to analyst estimates of $115.15 million. During the same period last year, the company earned $0.11 EPS. The company’s revenue was down 9.1% compared to the same quarter last year. On average, analysts expect Textainer Group Holdings Limited to post $0.22 EPS for the current fiscal year and $0.78 EPS for the next fiscal year.
Textainer Group Holdings Limited (NYSE:TGH) opened at 16.55 on Friday. Textainer Group Holdings Limited has a 52-week low of $6.90 and a 52-week high of $17.60. The firm’s market cap is $939.94 million. The firm’s 50-day moving average price is $14.44 and its 200-day moving average price is $13.89.
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Several equities research analysts have recently commented on the company. ValuEngine upgraded Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub upgraded Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Cowen and Company restated a “buy” rating and set a $21.00 price objective on shares of Textainer Group Holdings Limited in a report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Textainer Group Holdings Limited in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Textainer Group Holdings Limited has a consensus rating of “Hold” and an average price target of $18.67.
Textainer Group Holdings Limited Company Profile
Textainer Group Holdings Limited is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers.
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