TGH Stock

HAMILTON, Bermuda and NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE: TGH; JSE: TXT) (“Textainer”), one of the world's largest lessors of intermodal containers, today announced that it has published its proxy statement relating to a special meeting of its shareholders (the “Special Meeting”) to approve the previously announced acquisition of Textainer by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The Special Meeting is scheduled for February 22, 2024 at 1:30 p.m.

HAMILTON, Bermuda, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH; JSE:TXT) (“Textainer”, “we” and “our”), one of the world's largest lessors of intermodal containers, will release third quarter 2023 financial results before the open of regular market trading on Thursday, November 2, 2023.

Late Sunday, Textainer announced it would be taken private in a deal valued at more than $7 billion. The cash offer price is more than 40% above Friday's close.

Textainer Group Holdings Limited has seen a 40% increase in share price in the last 12 months and is trading at a fair valuation. TGH operates in the global intermodal container industry and specializes in the ownership and management of containers. TGH is expected to see an uptick in revenues in the third and fourth quarters, which could lead to another increase in share price.

Textainer (TGH) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Textainer Group (TGH) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.63 per share a year ago.

HAMILTON, Bermuda, July 21, 2023 (GLOBE NEWSWIRE) -- Textainer Group Holdings Limited (NYSE:TGH; JSE:TXT) (“Textainer”, “we” and “our”), one of the world's largest lessors of intermodal containers, will release second quarter 2023 financial results before the open of regular market trading on Tuesday, August 1, 2023. A conference call to discuss its results will follow at 11:00 a.m. Eastern Time that same day.

Textainer Group Holdings Limited has seen a 157% increase in its stock value over the past five years, with a 48.45% increase in the past year due to strong management and strategic industry approach. Despite a challenging macroeconomic environment and falling demand, the company has maintained a high utilization rate of 98.8% and reduced interest expenses through deleveraging and strategic implementation. The company's total shareholder return over the past three years is 425%, significantly higher than the sector's return, and it has also returned capital to shareholders through share buybacks.