GATX Corporation (GATX) Expected to Announce Earnings of $0.99 Per Share
Wall Street brokerages expect GATX Corporation (NYSE:GATX) to report earnings per share of $0.99 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for GATX Corporation’s earnings. The highest EPS estimate is $1.03 and the lowest is $0.97. GATX Corporation posted earnings of $2.25 per share in the same quarter last year, which would suggest a negative year over year growth rate of 56%. The business is expected to report its next earnings results on Thursday, October 19th.
On average, analysts expect that GATX Corporation will report full-year earnings of $4.62 per share for the current year, with EPS estimates ranging from $4.60 to $4.65. For the next financial year, analysts forecast that the company will report earnings of $4.19 per share, with EPS estimates ranging from $4.10 to $4.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for GATX Corporation.
GATX Corporation (NYSE:GATX) last announced its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.21. The company had revenue of $348.40 million during the quarter, compared to the consensus estimate of $352.64 million. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 earnings per share.
A number of equities analysts have recently issued reports on GATX shares. Zacks Investment Research cut shares of GATX Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Axiom Securities restated a “sell” rating on shares of GATX Corporation in a research note on Wednesday, July 26th. BidaskClub lowered GATX Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, September 9th. ValuEngine raised GATX Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Cowen and Company reaffirmed a “hold” rating and set a $63.00 price target on shares of GATX Corporation in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $57.50.
GATX Corporation (GATX) traded down 0.35% during trading on Wednesday, hitting $62.38. The stock had a trading volume of 19,418 shares. GATX Corporation has a one year low of $42.21 and a one year high of $66.30. The firm has a market capitalization of $2.42 billion, a P/E ratio of 10.52 and a beta of 1.20. The stock has a 50 day moving average of $60.76 and a 200 day moving average of $61.21.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Thursday, September 14th. GATX Corporation’s dividend payout ratio (DPR) is 28.38%.
In other news, VP Jeffery R. Young sold 2,910 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total transaction of $170,817.00. Following the completion of the sale, the vice president now directly owns 6,881 shares of the company’s stock, valued at $403,914.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of GATX Corporation during the second quarter valued at approximately $272,000. Public Employees Retirement System of Ohio grew its holdings in GATX Corporation by 0.5% during the second quarter. Public Employees Retirement System of Ohio now owns 19,651 shares of the transportation company’s stock worth $1,263,000 after buying an additional 107 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in GATX Corporation during the second quarter worth $249,000. BlueCrest Capital Management Ltd purchased a new stake in GATX Corporation in the 2nd quarter valued at $244,000. Finally, State Street Corp raised its position in GATX Corporation by 4.5% in the 2nd quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock valued at $89,470,000 after buying an additional 59,729 shares during the last quarter.
About GATX Corporation
GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GATX Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX Corporation and related companies with MarketBeat.com's FREE daily email newsletter.