GATX Corporation (GATX) Set to Announce Quarterly Earnings on Thursday
GATX Corporation (NYSE:GATX) will be announcing its earnings results before the market opens on Thursday, October 19th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. GATX Corporation has set its FY17 guidance at $4.40-4.60 EPS.
GATX Corporation (NYSE:GATX) last posted its quarterly earnings data 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. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The company had revenue of $348.40 million for the quarter, compared to the consensus estimate of $352.64 million. During the same quarter in the previous year, the firm posted $1.49 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. On average, analysts expect GATX Corporation to post $4.60 EPS for the current fiscal year and $4.18 EPS for the next fiscal year.
GATX Corporation (NYSE:GATX) opened at 62.66 on Thursday. GATX Corporation has a 12-month low of $42.21 and a 12-month high of $66.30. The company has a market cap of $2.43 billion, a P/E ratio of 10.56 and a beta of 1.20. The stock’s 50 day moving average is $60.99 and its 200 day moving average is $61.38.
The business also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Stockholders of record on Friday, September 15th were paid a dividend of $0.42 per share. 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 is presently 28.38%.
A number of equities analysts recently commented on the stock. BidaskClub raised shares of GATX Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Axiom Securities reaffirmed a “sell” rating on shares of GATX Corporation in a research report on Wednesday, July 26th. Zacks Investment Research lowered shares of GATX Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. ValuEngine raised shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Citigroup Inc. lowered their price target on shares of GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $57.50.
In related news, VP Jeffery R. Young sold 2,910 shares of the firm’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 transaction, 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 through this hyperlink. 3.50% of the stock is currently owned by company insiders.
GATX Corporation Company Profile
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.
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