Triton International (TRTN) Dips More Than Broader Markets: What You Should Know

This story originally appeared on Zacks

Triton International (TRTN) closed at $65.59 in the last trading session, posting a move of 1.78% from the day before. This change delayed the S&P 500’s daily loss of 1.42%. Meanwhile, the Dow Jones lost 0.49%, and the tech-heavy Nasdaq lost 0.47%.

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Heading into the day, shares of the shipping container leasing company are up 18.61% over the past month, outpacing the transportation sector’s 0.49% gain and the S&P 500’s 0.39% gain in that time.

Investors are hoping for strength from Triton International as it nears its next earnings release. In that report, analysts expect Triton International to report earnings of $2.57 per share. This represents a year-on-year growth of 51.18%. Meanwhile, Zacks revenue estimates forecast net sales of $413.72 million, up 22.66% from the same period last year.

Any recent changes in analyst estimates for Triton International should also be noted by investors. These reviews usually reflect the latest short-term business trends, which can change frequently. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.

Our research shows that these discretionary changes are directly correlated with near-term stock prices. To take advantage of this, we have developed Zacks Rank, a proprietary model that takes these discretionary changes into account and provides an actionable ranking system.

The Zacks Rank system ranges from #1 (strong buy) to #5 (strong sell). The company has a successful and externally audited track record, with the No. 1 stock generating an average annual return of over 25% since 1988. Over the past 30 days, our EPS-compliant forecast has remained stagnant. Triton International has a Zacks rating of 3rd (Hold) at the moment.

Looking at the valuation, Triton International currently has a forward P/E ratio of 7.12. Its industry has an average forward P/E of 13.36, so one might conclude that Triton International is trading at a relatively discount.

Investors should also note that TRTN has a PEG ratio of 0.71 at the moment. This common metric is similar to the widely known price-earnings (P/E) ratio, with the difference that the PEG ratio also takes into account the company’s expected earnings growth rate. The Transportation – Equipment & Leasing sector was holding an average of 1.09 in the PEG market at yesterday’s closing price.

The transportation industry – equipment and leasing is part of the transportation sector. This group has a Zacks Industry Rating of 66, placing it in the top 26% of all 250+ industries.

Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to keep track of all these stock movement metrics and more in upcoming trading sessions.

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