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Textainer Group Holdings Limited (TGH), through its subsidiaries, purchases, owns, manages, leases, and disposes a fleet of intermodal containers worldwide.
It operates through three segments: Container Ownership, Container Management, and Container Resale.
The company's containers include standard dry freight containers, refrigerated, and other special-purpose containers, which include tank, 45', pallet-wide, and other types of containers. It also provides container acquisition, management, and disposal services to affiliated and unaffiliated container investors.
In addition, the company is involved in the sale of containers from its fleet, as well as purchase, lease, or resale of containers from shipping line customers, container traders, and other sellers of containers.
It operates a fleet of approximately 2.4 million containers, representing 3.8 million twenty-foot equivalent units.
The company primarily serves shipping lines, as well as freight forwarding companies and the United States military.
Please note, this stock reported earnings yesterday, Thursday February 11, 2022 afterhours.
Textainer Group reported 4th Quarter December 2021 earnings of $1.46 per share on revenue of $198.2 million. The consensus earnings estimate was $1.26 per share on revenue of $200.8 million. Revenue grew 22.7% on a year-over-year basis.
This stock should increase as a result of an increase in lease expenses due to high demand and growth. Textainer's board of directors approved and declared a quarterly preferred cash dividend on its 7.00% Series A and its 6.25% Series B cumulative redeemable perpetual preference shares, payable on March 15, 2022, to holders of record as of March 4, 2022.
Entry Point: $39.75
Stop Loss: $37.75
Trading Range: $19.72 - $41.89
Target Price: $43.75
closed at $35.50
