GATX (NYSE:GATX) Updates FY19 Earnings Guidance

GATX (NYSE:GATX) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $4.85-5.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.04.

Several equities analysts recently weighed in on the company. Mizuho set a $87.00 target price on GATX and gave the company a buy rating in a research report on Wednesday, March 27th. Zacks Investment Research downgraded Glu Mobile from a buy rating to a hold rating in a research report on Tuesday, April 9th.

NYSE GATX opened at $75.12 on Friday. The stock has a market capitalization of $2.82 billion, a P/E ratio of 15.69, a PEG ratio of 1.03 and a beta of 1.52. The company has a quick ratio of 2.87, a current ratio of 3.10 and a debt-to-equity ratio of 2.90. The firm’s fifty day moving average is $75.70. GATX has a fifty-two week low of $67.46 and a fifty-two week high of $91.12.

GATX (NYSE:GATX) last released its earnings results on Thursday, July 18th. The transportation company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.46. The company had revenue of $359.40 million for the quarter, compared to the consensus estimate of $355.00 million. GATX had a return on equity of 10.21% and a net margin of 14.88%. GATX’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. Sell-side analysts anticipate that GATX will post 5.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Sunday, June 30th. Investors of record on Friday, June 14th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.84 annualized dividend and a yield of 2.45%. GATX’s dividend payout ratio (DPR) is presently 35.25%.

In other GATX news, VP William M. Muckian sold 4,200 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $75.13, for a total transaction of $315,546.00. Following the sale, the vice president now directly owns 11,860 shares of the company’s stock, valued at $891,041.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.72% of the stock is owned by company insiders.

About GATX

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.

See Also: Inflation

Earnings History and Estimates for GATX (NYSE:GATX)

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