GATX Corporation (GATX) Set to Announce Quarterly Earnings on Thursday
GATX Corporation (NYSE:GATX) will release its earnings data before the market opens on Thursday, October 19th. Analysts expect GATX Corporation to post earnings of $1.04 per share for the quarter. GATX Corporation has set its FY17 guidance at $4.40-4.60 EPS.
GATX Corporation (NYSE:GATX) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.21. The business had revenue of $348.40 million during the quarter, compared to the consensus estimate of $352.64 million. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. GATX Corporation’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.49 earnings per share. On average, analysts expect GATX Corporation to post $4.60 EPS for the current fiscal year and $4.18 EPS for the next fiscal year.
Shares of GATX Corporation (GATX) opened at 63.95 on Tuesday. The firm has a 50-day moving average of $61.12 and a 200 day moving average of $61.46. The company has a market cap of $2.47 billion, a P/E ratio of 10.78 and a beta of 1.20. GATX Corporation has a 52 week low of $42.21 and a 52 week high of $66.30.
The company also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Thursday, September 14th. GATX Corporation’s dividend payout ratio is 28.38%.
In other news, VP Jeffery R. Young sold 2,910 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total value of $170,817.00. Following the sale, the vice president now owns 6,881 shares in the company, valued at $403,914.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by corporate insiders.
GATX has been the subject of several research reports. Buckingham Research initiated coverage on GATX Corporation in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $64.00 price target for the company. Zacks Investment Research lowered GATX Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Cowen and Company reaffirmed a “hold” rating and set a $63.00 target price on shares of GATX Corporation in a research report on Monday, August 28th. Stifel Nicolaus raised GATX Corporation from a “sell” rating to a “hold” rating and upped their target price for the company from $50.00 to $54.00 in a research report on Monday, July 17th. Finally, Citigroup Inc. reduced their target price on GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $57.83.
About GATX Corporation
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
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