Seeking Alpha

Textainer Group Holdings Limited (TGH)

  • Fri, Aug. 21, 5:36 PM
    • Top gainers, as of 5.25 p.m.: PES +13.0%. RCAP +9.8%. SPTN +7.6%. EPE +7.0%. ACAD +6.5%.
    • Top losers, as of 5.25p.m.: VTL -74.0%. TGH -5.6%. CLD -3.6%. INVN -2.9%. REXX -2.2%.
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  • Sep. 16, 2014, 3:57 PM
    • Ocean shipping of dry bulk commodities and oil will nearly double earnings capacity during the next several years while the smaller container ship industry will tread water, Deutsche Bank says.
    • The firm believes the industry is "on the cusp of entering a new era of prosperity," driven by improved supply/demand dynamics, increased fleet utilization and abundant capital to fund profitable growth.
    • On average, DB forecasts a near doubling of earnings power across its coverage universe by 2016 vs. 2013, led by shippers in the Dry Bulk and Oil trades.
    • Initiated with Buy ratings: TNK +9.8%, CPLP +2.5%, DSX +2.8%, DRYS +5.5%, DLNG +2.4%, NNA +2.1%, SALT +0.8%, SSW +1.3%, GASS +3.3%.
    • Started at Hold: TK +1.2%, NMM +0.3%, FRO +3.3%, TGH -0.6%.
  • Sep. 11, 2012, 9:20 AM
    Textainer (TGH) -3.7% premarket after announcing plans to offer up to 5M shares while shareholder Halco Holdings offers up to 2.5M shares; underwriters would have a 30-day option to buy up to another 15% in shares. Halco is affiliated with Trencor Ltd., TGH's largest shareholder with a ~60% stake.
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  • Aug. 21, 2012, 3:57 PM
    Textainer Group Holdings (TGH -3.4%) trades lower on a downgrade to Neutral from Buy at Nomura on weak container demand, plus slowing capex and softer oversees container growth.
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  • Aug. 7, 2012, 8:50 AM
    Textainer Group Holdings (TGH): Q2 EPS of $0.89 misses by $0.13. Revenue of $120M (+13.5% Y/Y) in-line. Shares -2.2% premarket. (PR)
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Company Description
Textainer Group Holdings Ltd is a holding company, which operates as a lessor of intermodal containers based on fleet size. The Company operates its business in three segments: Container Ownership, Container Management, and Container Resale.