Genesee & Wyoming (NYSE:GWR) released its quarterly earnings data on Thursday. The transportation company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.02, Bloomberg Earnings reports. Genesee & Wyoming had a net margin of 6.10% and a return on equity of 5.80%. The firm had revenue of $571.60 million for the quarter, compared to the consensus estimate of $566.73 million. During the same period in the previous year, the company earned $0.99 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis.
Genesee & Wyoming (NYSE GWR) traded down $3.04 during mid-day trading on Thursday, hitting $70.35. 487,759 shares of the company traded hands, compared to its average volume of 344,890. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 1.18. Genesee & Wyoming has a fifty-two week low of $61.44 and a fifty-two week high of $84.40. The firm has a market capitalization of $4,626.40, a P/E ratio of 33.19, a PEG ratio of 2.17 and a beta of 1.71.
Several equities analysts have commented on GWR shares. Stifel Nicolaus reiterated a “hold” rating and issued a $76.00 price objective on shares of Genesee & Wyoming in a report on Wednesday, November 1st. Cowen reiterated a “buy” rating and issued a $81.00 price objective on shares of Genesee & Wyoming in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Bank of America upped their price target on shares of Genesee & Wyoming from $79.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, TheStreet upgraded shares of Genesee & Wyoming from a “c+” rating to a “b-” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $83.00.
Several hedge funds have recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board acquired a new position in shares of Genesee & Wyoming in the fourth quarter valued at about $1,199,000. Swiss National Bank grew its stake in shares of Genesee & Wyoming by 2.4% in the fourth quarter. Swiss National Bank now owns 104,950 shares of the transportation company’s stock valued at $8,263,000 after acquiring an additional 2,500 shares in the last quarter. California Public Employees Retirement System lifted its position in Genesee & Wyoming by 3.9% during the fourth quarter. California Public Employees Retirement System now owns 94,390 shares of the transportation company’s stock worth $7,431,000 after purchasing an additional 3,500 shares during the period. M&T Bank Corp lifted its position in Genesee & Wyoming by 23.9% during the fourth quarter. M&T Bank Corp now owns 21,366 shares of the transportation company’s stock worth $1,682,000 after purchasing an additional 4,119 shares during the period. Finally, Pettee Investors Inc. bought a new stake in Genesee & Wyoming during the fourth quarter worth about $533,000. Institutional investors and hedge funds own 96.49% of the company’s stock.
Genesee & Wyoming Company Profile
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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