Genesee & Wyoming, Inc. (GWR) Set to Announce Earnings on Tuesday
Genesee & Wyoming, Inc. (NYSE:GWR) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect Genesee & Wyoming to post earnings of $0.84 per share for the quarter. Genesee & Wyoming has set its Q3 guidance at ~$0.85 EPS and its FY17 guidance at ~$3.00 EPS.
Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.07. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The firm had revenue of $540.43 million during the quarter, compared to analysts’ expectations of $539.59 million. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, analysts expect Genesee & Wyoming to post $2.99 EPS for the current fiscal year and $3.63 EPS for the next fiscal year.
Shares of Genesee & Wyoming, Inc. (NYSE:GWR) traded up 0.71% during trading on Tuesday, reaching $73.28. 65,400 shares of the company’s stock traded hands. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 32.11 and a beta of 1.70. The company’s 50-day moving average is $71.85 and its 200 day moving average is $67.78. Genesee & Wyoming, Inc. has a 52-week low of $61.44 and a 52-week high of $80.73.
In other Genesee & Wyoming news, General Counsel Allison M. Fergus sold 2,546 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $66.16, for a total transaction of $168,443.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Timothy J. Gallagher sold 5,073 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $66.84, for a total transaction of $339,079.32. Following the transaction, the chief financial officer now directly owns 56,951 shares in the company, valued at $3,806,604.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,931 shares of company stock worth $2,058,531. 3.45% of the stock is owned by insiders.
Several research firms have commented on GWR. BidaskClub downgraded shares of Genesee & Wyoming from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Cowen and Company reaffirmed a “buy” rating and issued a $75.00 target price on shares of Genesee & Wyoming in a research note on Tuesday, September 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $75.67.
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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