This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TAL International Group, Inc. Reports First Quarter 2012 Results And Declares $0.58 Quarterly Dividend

“Our performance so far in 2012 continues to be supported by attractive market fundamentals. The supply / demand balance for containers remained tight through the winter slow season, and our utilization stood at 97.7% as of April 26, 2012. Trade growth is expected to remain solidly positive this year, most of our customers continue to be reluctant to purchase new containers directly, new container purchase prices have been increasing steadily from the beginning of the year as seasonal demand has increased, and used container sale prices remain high – moderating from peak levels reached last year more slowly than we had expected.”

Outlook

Mr. Sondey continued, “Looking forward, we expect the current strong market conditions to continue throughout the year, and we expect TAL’s operating performance to remain near peak levels. Leasing revenue will get a boost in the second quarter as new containers start to go on-hire in large numbers, and we also now expect used container sale prices to remain firm through the summer peak season for dry containers. Based on this, we expect our adjusted pretax income to increase from the first quarter to the second quarter of 2012, and we expect our profitability to remain strong throughout 2012.”

“While trade growth is expected to be positive this year, and while the freight rates for our customers have increased substantially over the last few months, we continue to believe that the main risks to our positive expectations for this year include a renewed severe global recession and the potential for a major customer default. We don’t currently consider either of these events likely, but we are wary of a variety of potential event risks for 2012 due to the current high level of uncertainty in the global economy and the significant financial pressures facing our customers.”

Dividend

TAL’s Board of Directors has approved and declared a $0.58 per share quarterly cash dividend on its issued and outstanding common stock, payable on June 22, 2012 to shareholders of record at the close of business on June 1, 2012.

3 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs