Textainer Group Holdings Limited (NYSE:TGH) changed 3.64% to recent value of $12.82. The stock transacted 263875 shares during most recent day however it has an average volume of 240.71K shares. It spotted trading 2.40% off 52-week high price. On the other end, the stock has been noted 133.09% away from the low price over the last 52-weeks.
On Sept. 14, 2020, Textainer Group Holdings Limited (NYSE:TGH) one of the world’s largest lessors of intermodal containers, revealed that Textainer’s Board of Directors authorized an increase to the Company’s share repurchase program of up to $50 million of the Company’s outstanding common shares. The authorization is effective immediately and adds to the previous $50 million program, which had approximately $1.0 million remaining authorized and available for repurchase as of September 11, 2020. Purchases under the share repurchase program may be made from time to time through open market purchases, privately negotiated transactions or such other manners as will comply with applicable laws and regulations.
The increase to our existing share repurchase program reflects our confidence in the strength of our business, financial resources and long-term outlook. We remain committed to delivering value to our shareholders while maintaining a strong financial position to support the future growth of our business, said Olivier Ghesquiere, President and Chief Executive Officer of Textainer.
TGH has a gross margin of 74.60% and an operating margin of 31.80% while its profit margin remained 7.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 12.70% for this year while earning per share for the next 5-years is expected to reach at 12.00%.
The company has 53.72M of outstanding shares and 47.39M shares were floated in the market. According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 8.14% from the mean of 20 days, 28.58% from mean of 50 days SMA and performed 40.26% from mean of 200 days price. Company’s performance for the week was 3.81%, 24.83% for month and YTD performance remained 19.70%.