GATX Corp. Announces Quarterly Dividend of $0.33 (GMT)
GATX Corp. (NYSE:GMT) announced a quarterly dividend on Thursday, January 23rd, AnalystRatingsNetwork.com reports. Investors of record on Tuesday, January 28th will be paid a dividend of 0.33 per share on Monday, March 31st. This represents a $1.32 annualized dividend and a dividend yield of 2.55%.
On a related note, analysts at Zacks reiterated a “neutral” rating on shares of GATX Corp. in a research note to investors on Tuesday, January 14th. They now have a $54.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $53.67.
Shares of GATX Corp. (NYSE:GMT) opened at 56.00 on Thursday. GATX Corp. has a 52 week low of $43.88 and a 52 week high of $54.19. The stock’s 50-day moving average is $51. and its 200-day moving average is $48.63. The company has a market cap of $2.588 billion and a P/E ratio of 16.89.
GATX Corp. (NYSE:GMT) last released its earnings data on Thursday, January 23rd. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.92 by $0.22. The company had revenue of $356.60 million for the quarter, compared to the consensus estimate of $350.96 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that GATX Corp. will post $3.29 earnings per share for the current fiscal year.
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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