Equities analysts predict that GATX Co. (NYSE:GATX) will post earnings per share of $1.17 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for GATX’s earnings, with the lowest EPS estimate coming in at $1.15 and the highest estimate coming in at $1.22. GATX reported earnings per share of $1.44 in the same quarter last year, which indicates a negative year-over-year growth rate of 18.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, April 19th.
According to Zacks, analysts expect that GATX will report full-year earnings of $4.57 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.75. For the next fiscal year, analysts forecast that the business will post earnings of $4.83 per share, with EPS estimates ranging from $4.45 to $5.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow GATX.
GATX (NYSE:GATX) last posted its earnings results on Thursday, January 18th. The transportation company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.04). GATX had a net margin of 36.46% and a return on equity of 12.15%. The business had revenue of $352.80 million during the quarter, compared to analyst estimates of $347.90 million. During the same quarter in the prior year, the business earned $1.14 earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year.
Several analysts recently commented on the company. Cowen restated a “market perform” rating and issued a $69.00 target price (up from $61.00) on shares of GATX in a research report on Friday, January 19th. Citigroup raised their target price on GATX from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Seaport Global Securities assumed coverage on GATX in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded GATX from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Wednesday, December 27th. Finally, ValuEngine cut GATX from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. GATX currently has an average rating of “Hold” and a consensus target price of $67.40.
Shares of GATX (NYSE GATX) opened at $72.37 on Friday. GATX has a 1 year low of $55.82 and a 1 year high of $72.96. The company has a debt-to-equity ratio of 2.45, a current ratio of 3.32 and a quick ratio of 3.13. The company has a market capitalization of $2,770.00, a P/E ratio of 15.17, a P/E/G ratio of 1.05 and a beta of 1.25.
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Shareholders of record on Monday, March 5th will be paid a dividend of $0.44 per share. This is a positive change from GATX’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, March 2nd. GATX’s dividend payout ratio (DPR) is presently 35.22%.
In other GATX news, EVP James F. Earl sold 5,177 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $69.61, for a total transaction of $360,370.97. Following the completion of the transaction, the executive vice president now directly owns 104,359 shares of the company’s stock, valued at approximately $7,264,429.99. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Niyi Adedoyin sold 504 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $71.68, for a total value of $36,126.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,028 shares of company stock valued at $3,273,069. 3.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of GATX. We Are One Seven LLC bought a new position in GATX during the 4th quarter valued at $102,000. Shine Investment Advisory Services Inc. bought a new position in GATX during the 4th quarter valued at $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in GATX by 56.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the transportation company’s stock valued at $123,000 after purchasing an additional 719 shares in the last quarter. Alps Advisors Inc. bought a new position in GATX during the 4th quarter valued at $227,000. Finally, Crossmark Global Holdings Inc. bought a new position in GATX during the 3rd quarter valued at $233,000.
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GATX Company Profile
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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