$0.78 Earnings Per Share Expected for GATX Corporation (GATX) This Quarter
Wall Street brokerages forecast that GATX Corporation (NYSE:GATX) will report earnings of $0.78 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for GATX Corporation’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.88. GATX Corporation reported earnings per share of $1.14 during the same quarter last year, which would suggest a negative year-over-year growth rate of 31.6%. The company is expected to issue its next quarterly earnings report on Thursday, January 18th.
On average, analysts expect that GATX Corporation will report full-year earnings of $4.61 per share for the current fiscal year, with EPS estimates ranging from $4.60 to $4.65. For the next year, analysts anticipate that the firm will report earnings of $4.18 per share, with EPS estimates ranging from $4.10 to $4.30. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow GATX Corporation.
GATX Corporation (NYSE:GATX) last released its earnings results on Thursday, October 19th. The transportation company reported $1.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.26. GATX Corporation had a return on equity of 14.51% and a net margin of 13.76%. The company had revenue of $259.60 million during the quarter, compared to analysts’ expectations of $350.04 million. During the same quarter last year, the business posted $1.50 EPS. The firm’s revenue for the quarter was down 28.5% compared to the same quarter last year.
Several equities analysts recently weighed in on GATX shares. Zacks Investment Research downgraded GATX Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Citigroup Inc. lowered their target price on GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. BidaskClub upgraded GATX Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Stifel Nicolaus upgraded GATX Corporation from a “sell” rating to a “hold” rating and lifted their target price for the company from $50.00 to $54.00 in a research report on Monday, July 17th. Finally, Cowen and Company reiterated a “hold” rating and set a $63.00 target price on shares of GATX Corporation in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $57.33.
GATX Corporation (NYSE GATX) opened at 61.10 on Monday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 10.30 and a beta of 1.20. GATX Corporation has a 52-week low of $42.21 and a 52-week high of $66.30. The company’s 50-day moving average price is $61.45 and its 200-day moving average price is $61.53.
The business also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Investors of record on Friday, September 15th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.68 annualized dividend and a yield of 2.75%. GATX Corporation’s dividend payout ratio (DPR) is presently 34.93%.
In related news, VP Jeffery R. Young sold 2,910 shares of GATX Corporation stock in a transaction on Wednesday, September 13th. The stock was 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 in the company, valued at $403,914.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in GATX. Shine Investment Advisory Services Inc. purchased a new position in shares of GATX Corporation in the second quarter valued at about $118,000. IFP Advisors Inc lifted its position in shares of GATX Corporation by 2.9% in the second quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock valued at $145,000 after acquiring an additional 64 shares in the last quarter. Riverhead Capital Management LLC lifted its position in shares of GATX Corporation by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 831 shares in the last quarter. Advisor Group Inc. lifted its position in shares of GATX Corporation by 15.5% in the second quarter. Advisor Group Inc. now owns 2,519 shares of the transportation company’s stock valued at $161,000 after acquiring an additional 338 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its position in shares of GATX Corporation by 17.6% in the second quarter. LS Investment Advisors LLC now owns 3,133 shares of the transportation company’s stock valued at $201,000 after acquiring an additional 469 shares in the last quarter.
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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