GATX Corp. (GMT) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS
GATX Corp. (NYSE:GMT) announced its earnings results on Thursday. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.00 by $0.09, StockRatingsNetwork.com reports. The company had revenue of $353.20 million for the quarter, compared to the consensus estimate of $351.62 million. During the same quarter last year, the company posted $0.70 earnings per share. GATX Corp.’s revenue was up 6.4% compared to the same quarter last year.
On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of GATX Corp. in a research note to investors on Tuesday, October 8th. They now have a $48.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. GATX Corp. presently has an average rating of “Hold” and an average target price of $51.67.
Shares of GATX Corp. (NYSE:GMT) opened at 49.52 on Thursday. GATX Corp. has a 52-week low of $39.83 and a 52-week high of $54.19. The stock has a 50-day moving average of $45.80 and a 200-day moving average of $48.74. The company has a market cap of $2.289 billion and a price-to-earnings ratio of 16.18.
GATX Corporation (NYSE:GMT) leases, operates, manages and remarkets long-lived, widely-used assets, primarily in the rail and marine markets.
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