$0.85 Earnings Per Share Expected for Genesee & Wyoming, Inc. (NYSE:GWR) This Quarter
Wall Street analysts expect Genesee & Wyoming, Inc. (NYSE:GWR) to post earnings per share (EPS) of $0.85 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Genesee & Wyoming’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.86. Genesee & Wyoming reported earnings of $0.95 per share in the same quarter last year, which would indicate a negative year over year growth rate of 10.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that Genesee & Wyoming will report full year earnings of $3.02 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.05. For the next financial year, analysts forecast that the business will post earnings of $3.63 per share, with EPS estimates ranging from $3.45 to $4.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Genesee & Wyoming.
Genesee & Wyoming (NYSE:GWR) last announced its earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.07. The company had revenue of $540.43 million during the quarter, compared to analyst estimates of $539.59 million. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 earnings per share.
Several equities analysts recently weighed in on GWR shares. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a report on Thursday, May 4th. Bank of America Corporation upgraded shares of Genesee & Wyoming from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.21 to $76.00 in a report on Wednesday, April 19th. Cowen and Company cut their price target on shares of Genesee & Wyoming from $77.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, May 3rd. BidaskClub downgraded shares of Genesee & Wyoming from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Genesee & Wyoming in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Genesee & Wyoming presently has an average rating of “Hold” and an average price target of $75.67.
Shares of Genesee & Wyoming (NYSE GWR) opened at 67.09 on Tuesday. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 29.40 and a beta of 1.71. Genesee & Wyoming has a 12 month low of $61.44 and a 12 month high of $80.73. The company’s 50-day moving average is $67.28 and its 200 day moving average is $68.71.
In other news, Director Albert J. Neupaver acquired 1,560 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were acquired at an average price of $64.77 per share, with a total value of $101,041.20. Following the purchase, the director now directly owns 5,910 shares of the company’s stock, valued at $382,790.70. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Allison M. Fergus sold 2,688 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $65.81, for a total transaction of $176,897.28. The disclosure for this sale can be found here. Insiders have sold a total of 8,407 shares of company stock worth $554,349 in the last ninety days. Corporate insiders own 3.80% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in GWR. BlackRock Inc. raised its position in shares of Genesee & Wyoming by 8,807.0% in the first quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock worth $341,280,000 after buying an additional 4,972,702 shares during the period. FMR LLC raised its position in shares of Genesee & Wyoming by 21.1% in the first quarter. FMR LLC now owns 6,673,222 shares of the transportation company’s stock worth $452,845,000 after buying an additional 1,160,510 shares during the period. Teachers Advisors LLC raised its position in shares of Genesee & Wyoming by 586.6% in the first quarter. Teachers Advisors LLC now owns 411,667 shares of the transportation company’s stock worth $27,936,000 after buying an additional 351,710 shares during the period. ACK Asset Management LLC acquired a new position in shares of Genesee & Wyoming during the first quarter worth about $21,381,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Genesee & Wyoming by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,600,739 shares of the transportation company’s stock worth $108,626,000 after buying an additional 250,941 shares during the period. Hedge funds and other institutional investors own 95.89% of the company’s stock.
About Genesee & Wyoming
Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.
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