Brokerages predict that GATX Corporation (NYSE:GATX) will post $344.50 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for GATX’s earnings. The lowest sales estimate is $335.00 million and the highest is $354.00 million. GATX reported sales of $362.10 million in the same quarter last year, which indicates a negative year over year growth rate of 4.9%. The company is scheduled to report its next quarterly earnings report on Thursday, January 18th.

According to Zacks, analysts expect that GATX will report full-year sales of $344.50 million for the current financial year, with estimates ranging from $1.36 billion to $1.38 billion. For the next financial year, analysts forecast that the firm will report sales of $1.36 billion per share. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for GATX.

GATX (NYSE:GATX) last issued its earnings results on Thursday, October 19th. The transportation company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.26. GATX had a net margin of 13.76% and a return on equity of 14.51%. The business had revenue of $259.60 million for the quarter, compared to analyst estimates of $350.04 million. During the same period in the previous year, the business earned $1.50 EPS. The firm’s revenue was down 28.5% on a year-over-year basis.

Several analysts have recently weighed in on GATX shares. Zacks Investment Research lowered shares of GATX from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. ValuEngine lowered shares of GATX from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. BidaskClub upgraded shares of GATX from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Finally, Buckingham Research reduced their price target on shares of GATX from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.33.

In other GATX 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 value 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 SEC, which is available through this link. 3.50% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in GATX. Teachers Advisors LLC boosted its position in GATX by 2.8% in the first quarter. Teachers Advisors LLC now owns 71,680 shares of the transportation company’s stock valued at $4,370,000 after buying an additional 1,922 shares in the last quarter. Capstone Asset Management Co. lifted its position in shares of GATX by 7.0% during the second quarter. Capstone Asset Management Co. now owns 3,513 shares of the transportation company’s stock worth $226,000 after purchasing an additional 230 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of GATX by 4.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 14,727 shares of the transportation company’s stock worth $947,000 after purchasing an additional 572 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of GATX by 17.6% during the second quarter. LS Investment Advisors LLC now owns 3,133 shares of the transportation company’s stock worth $201,000 after purchasing an additional 469 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of GATX by 3.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the transportation company’s stock worth $656,000 after purchasing an additional 300 shares in the last quarter.

Shares of GATX (GATX) opened at $61.54 on Friday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 2.92. GATX has a 12-month low of $55.44 and a 12-month high of $66.30. The firm has a market cap of $2,418.65, a PE ratio of 12.26, a PEG ratio of 0.90 and a beta of 1.20.

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 31st. Shareholders of record on Friday, December 15th will be given a $0.42 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.73%. GATX’s dividend payout ratio (DPR) is presently 34.93%.

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About GATX

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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