GATX Corporation (NYSE:GATX) will release its earnings data before the market opens on Thursday, July 20th. Analysts expect GATX Corporation to post earnings of $1.11 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 results on Thursday, April 20th. The transportation company reported $1.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.36. GATX Corporation had a net margin of 17.52% and a return on equity of 18.91%. The business had revenue of $316.10 million during the quarter, compared to analyst estimates of $312.24 million. GATX Corporation’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, analysts expect GATX Corporation to post $4.55 EPS for the current fiscal year and $4.18 EPS for the next fiscal year.
GATX Corporation (GATX) opened at 63.08 on Tuesday. GATX Corporation has a 12-month low of $40.66 and a 12-month high of $66.30. The stock has a 50 day moving average of $61.68 and a 200 day moving average of $60.25. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 10.39 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.66%. The ex-dividend date was Tuesday, June 13th. GATX Corporation’s dividend payout ratio (DPR) is presently 27.72%.
In other GATX Corporation news, EVP Deborah A. Golden sold 2,429 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $65.42, for a total value of $158,905.18. Following the sale, the executive vice president now owns 39,783 shares of the company’s stock, valued at approximately $2,602,603.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas A. Ellman sold 2,239 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $61.52, for a total transaction of $137,743.28. Following the completion of the sale, the executive vice president now directly owns 30,740 shares in the company, valued at approximately $1,891,124.80. The disclosure for this sale can be found here. Insiders sold a total of 9,517 shares of company stock worth $601,618 in the last three months. Insiders own 3.50% of the company’s stock.
Several equities research analysts have issued reports on GATX shares. Zacks Investment Research raised shares of GATX Corporation from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Friday, April 21st. Cowen and Company reissued a “market perform” rating and issued a $63.00 price target (up previously from $62.00) on shares of GATX Corporation in a report on Sunday, April 23rd. ValuEngine raised shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Axiom Securities reissued a “sell” rating on shares of GATX Corporation in a report on Friday, June 16th. Finally, Buckingham Research started coverage on shares of GATX Corporation in a report on Wednesday, June 21st. They issued a “neutral” rating and a $64.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.33.
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About GATX Corporation
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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