GATX Co. (GATX) Scheduled to Post Earnings on Thursday
GATX Co. (NASDAQ:GATX) will announce its earnings results on Thursday, October 20th. Investors that wish to register for the company’s conference call can do so using this link.
GATX (NASDAQ:GATX) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.26. The firm had revenue of $358.90 million for the quarter, compared to analyst estimates of $364.73 million. On average, analysts expect GATX to post $5.61 EPS for the current fiscal year and $4.60 EPS for the next fiscal year.
Shares of GATX Co. (NASDAQ:GATX) opened at 44.08 on Wednesday. The firm has a market cap of $1.78 billion and a PE ratio of 8.16. The company’s 50-day moving average price is $43.14 and its 200-day moving average price is $44.90. GATX Co. has a 52-week low of $33.53 and a 52-week high of $52.02.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Tuesday, September 13th.
Several research firms have issued reports on GATX. Stifel Nicolaus reaffirmed a “hold” rating on shares of GATX in a report on Thursday, August 25th. Credit Agricole SA began coverage on GATX in a report on Friday, September 30th. They set an “underperform” rating and a $45.00 price objective on the stock. Finally, TheStreet downgraded GATX from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th.
In other GATX news, VP William M. Muckian sold 1,166 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $44.01, for a total transaction of $51,315.66. Following the completion of the sale, the vice president now owns 14,645 shares in the company, valued at approximately $644,526.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
GATX Company Profile
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services.
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