TRTN Stock Recent News

Triton International's Q1 results show a decrease in leasing revenue and operating income compared to the previous year. The company paid a $200M dividend to its common shareholder, Brookfield Infrastructure, reducing the overall safety of the preferred shares. The preferred dividends are well covered by earnings, but the asset coverage ratio is worsening, indicating potential risks for preferred shareholders.

Triton International is the largest lessor of containers in the world and plays an important role in the global supply chain. The company's financial performance in 2023 showed a decrease in total revenue but strong operating results. Triton's balance sheet shrank after being acquired by Brookfield Infrastructure, but preferred dividends remain well covered.

We are impressed by Triton's (TRTN) impactful liquidity position and efforts to reward shareholders.

Triton (TRTN) second-quarter 2023 earnings and revenues fall year over year.

Triton International (TRTN) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.29 per share. This compares to earnings of $2.92 per share a year ago.

Despite the bearish sentiment associated with the Zacks Transportation - Equipment and Leasing industry, we advise betting on fundamentally sound companies like TRTN and TGH.

We are impressed by Triton's (TRTN) impactful liquidity position and efforts to reward shareholders.

Triton (TRTN) reported earnings 30 days ago. What's next for the stock?

Here we pick three stocks, Triton (TRTN), Air Lease (AL) and Ryder (R), from the Transportation - Equipment and Leasing industry, with a solid five-year dividend growth history.

Triton (TRTN) first-quarter 2023 earnings and revenues fall year over year.