Genesee & Wyoming Inc (GWR) Updates FY14 Earnings Guidance
Genesee & Wyoming Inc (NYSE:GWR) updated its FY14 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $4.15-4.35 for the period, compared to the Thomson Reuters consensus estimate of $4.26, Analyst Ratings.Net reports. The company issued revenue guidance of $1.640-1.660 billion, compared to the consensus revenue estimate of $1.64 billion.Genesee & Wyoming also updated its Q2 guidance to $1.15-1.20 EPS.
A number of analysts have recently weighed in on GWR shares. Analysts at Credit Suisse raised their price target on shares of Genesee & Wyoming from $106.00 to $112.00 in a research note on Tuesday, July 15th. On a related note, analysts at Zacks upgraded shares of Genesee & Wyoming from an underperform rating to a neutral rating in a research note on Tuesday, July 1st. They now have a $106.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Genesee & Wyoming from $110.00 to $115.00 in a research note on Thursday, June 5th. They now have an outperform rating on the stock. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Genesee & Wyoming currently has an average rating of Buy and an average target price of $109.67.
Genesee & Wyoming Inc (NYSE:GWR) traded down 2.15% during mid-day trading on Friday, hitting $97.59. The stock had a trading volume of 138,985 shares. Genesee & Wyoming Inc has a one year low of $83.16 and a one year high of $106.02. The stock has a 50-day moving average of $103.2 and a 200-day moving average of $97.67. The company has a market cap of $5.240 billion and a price-to-earnings ratio of 24.78.
Genesee & Wyoming (NYSE:GWR) last released its earnings data on Friday, August 1st. The company reported $1.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.11 by $0.01. The company had revenue of $414.60 million for the quarter, compared to the consensus estimate of $411.13 million. During the same quarter last year, the company posted $1.14 earnings per share. Genesee & Wyoming’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that Genesee & Wyoming Inc will post $4.26 EPS for the current fiscal year.
Genesee & Wyoming Inc owns and operates short line and regional freight railroads and provides railcar switching and other rail-related services in the United States, Australia, Canada, the Netherlands and Belgium.
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