Zacks: Analysts Anticipate Genesee & Wyoming Inc (GWR) Will Post Quarterly Sales of $567.34 Million

Brokerages expect Genesee & Wyoming Inc (NYSE:GWR) to report $567.34 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Genesee & Wyoming’s earnings. The highest sales estimate is $571.12 million and the lowest is $564.00 million. Genesee & Wyoming posted sales of $516.53 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Genesee & Wyoming will report full-year sales of $567.34 million for the current year, with estimates ranging from $2.20 billion to $2.21 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.35 billion per share, with estimates ranging from $2.31 billion to $2.38 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Genesee & Wyoming.

Genesee & Wyoming (NYSE:GWR) last released its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.02). Genesee & Wyoming had a return on equity of 5.80% and a net margin of 6.10%. The company had revenue of $576.90 million for the quarter, compared to the consensus estimate of $573.60 million. During the same period last year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year.

A number of equities analysts have commented on the stock. Bank of America lifted their price objective on shares of Genesee & Wyoming from $79.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research raised shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Cowen reaffirmed a “buy” rating and set a $81.00 price objective on shares of Genesee & Wyoming in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $76.00 price objective on shares of Genesee & Wyoming in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $80.20.

Genesee & Wyoming (NYSE:GWR) traded down $0.52 during mid-day trading on Friday, reaching $78.30. 530,623 shares of the company’s stock were exchanged, compared to its average volume of 447,638. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.18 and a current ratio of 1.30. Genesee & Wyoming has a 1 year low of $61.44 and a 1 year high of $80.73. The company has a market capitalization of $4,880.00, a PE ratio of 24.00, a price-to-earnings-growth ratio of 3.91 and a beta of 1.78.

In other news, insider John C. Hellmann sold 12,332 shares of Genesee & Wyoming stock in a transaction on Monday, November 27th. The stock was sold at an average price of $73.71, for a total transaction of $908,991.72. Following the completion of the sale, the insider now owns 404,076 shares of the company’s stock, valued at $29,784,441.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.45% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of GWR. AQR Capital Management LLC lifted its holdings in shares of Genesee & Wyoming by 303.4% during the first quarter. AQR Capital Management LLC now owns 15,047 shares of the transportation company’s stock worth $1,021,000 after buying an additional 11,317 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in shares of Genesee & Wyoming by 5.2% during the second quarter. Capstone Asset Management Co. now owns 5,083 shares of the transportation company’s stock worth $348,000 after buying an additional 250 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Genesee & Wyoming by 11.9% during the second quarter. Aperio Group LLC now owns 23,204 shares of the transportation company’s stock worth $1,587,000 after buying an additional 2,473 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in shares of Genesee & Wyoming by 2.0% during the second quarter. State Treasurer State of Michigan now owns 25,400 shares of the transportation company’s stock worth $1,737,000 after buying an additional 500 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Genesee & Wyoming by 2.1% during the second quarter. Great West Life Assurance Co. Can now owns 37,672 shares of the transportation company’s stock worth $2,575,000 after buying an additional 790 shares in the last quarter. 96.24% of the stock is owned by institutional investors.

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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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