GATX Corp. (GMT) Posts Quarterly Earnings, Beats Estimates By $0.22 EPS
GATX Corp. (NYSE:GMT) announced its earnings results on Thursday. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.22, American Banking News reports. 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 previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. GATX Corp. updated its FY14 guidance to $3.85-4.05 EPS.
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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. GATX Corp. currently has an average rating of “Hold” and a consensus target price of $53.67.
GATX Corp. (NYSE:GMT) opened at 51.83 on Thursday. GATX Corp. has a 52 week low of $43.88 and a 52 week high of $54.19. The stock has a 50-day moving average of $51. and a 200-day moving average of $48.63. The company has a market cap of $2.396 billion and a price-to-earnings ratio of 17.03.
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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