GATX Corp. (GMT) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS
GATX Corp. (NYSE:GMT) posted its quarterly earnings results on Thursday. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.10, AR Network reports. The company had revenue of $365.80 million for the quarter, compared to the consensus estimate of $378.30 million. During the same quarter last year, the company posted $0.68 earnings per share. GATX Corp.’s revenue was up 7.9% 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 on Monday, July 7th. They now have a $71.00 price target on the stock.
GATX Corp. (NYSE:GMT) opened at 64.97 on Thursday. GATX Corp. has a 52-week low of $44.02 and a 52-week high of $69.87. The stock has a 50-day moving average of $65.84 and a 200-day moving average of $63.89. The company has a market cap of $2.992 billion and a P/E ratio of 16.55.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, September 11th.
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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