Textainer Group Holdings Limited (NYSE:TGH) – Investment analysts at SunTrust Banks cut their FY2017 EPS estimates for Textainer Group Holdings Limited in a report issued on Tuesday. SunTrust Banks analyst D. Mewhirter now forecasts that the transportation company will post earnings per share of $0.18 for the year, down from their prior estimate of $0.24. SunTrust Banks currently has a “Buy” rating and a $19.00 target price on the stock. SunTrust Banks also issued estimates for Textainer Group Holdings Limited’s Q3 2018 earnings at $0.32 EPS.

Textainer Group Holdings Limited (NYSE:TGH) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The firm had revenue of $119.25 million during the quarter, compared to the consensus estimate of $120.62 million. Textainer Group Holdings Limited had a negative net margin of 13.12% and a negative return on equity of 6.44%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. ILLEGAL ACTIVITY WARNING: “Textainer Group Holdings Limited to Post FY2017 Earnings of $0.18 Per Share, SunTrust Banks Forecasts (NYSE:TGH)” was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.dailypolitical.com/2017/08/10/textainer-group-holdings-limited-to-post-fy2017-earnings-of-0-18-per-share-suntrust-banks-forecasts-nysetgh.html.

TGH has been the subject of several other reports. ValuEngine raised Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Textainer Group Holdings Limited in a report on Monday, May 15th. Cowen and Company reduced their price objective on Textainer Group Holdings Limited from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, May 15th. Finally, Zacks Investment Research lowered Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.75.

Shares of Textainer Group Holdings Limited (NYSE:TGH) opened at 16.45 on Thursday. Textainer Group Holdings Limited has a 1-year low of $6.90 and a 1-year high of $17.60. The company’s market capitalization is $934.26 million. The company has a 50-day moving average price of $14.98 and a 200 day moving average price of $14.11.

Institutional investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new position in Textainer Group Holdings Limited during the first quarter worth approximately $213,000. American International Group Inc. raised its position in Textainer Group Holdings Limited by 7.1% in the first quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock worth $214,000 after buying an additional 926 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new position in Textainer Group Holdings Limited during the first quarter worth approximately $255,000. GHP Investment Advisors Inc. raised its position in Textainer Group Holdings Limited by 23.0% in the first quarter. GHP Investment Advisors Inc. now owns 19,579 shares of the transportation company’s stock worth $300,000 after buying an additional 3,665 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Textainer Group Holdings Limited by 14.9% in the first quarter. Alliancebernstein L.P. now owns 21,600 shares of the transportation company’s stock worth $330,000 after buying an additional 2,800 shares during the last quarter. 21.59% of the stock is owned by institutional investors and hedge funds.

About Textainer Group Holdings Limited

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.

Earnings History and Estimates for Textainer Group Holdings Limited (NYSE:TGH)

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