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.
GATX has been the topic of a number of research analyst reports. Mizuho set a $87.00 price target on shares of GATX and gave the company a buy rating in a research note on Wednesday, March 27th. Zacks Investment Research downgraded shares of Glu Mobile from a buy rating to a hold rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $82.00.
NYSE GATX traded down $1.51 during trading hours on Friday, reaching $76.29. The company’s stock had a trading volume of 327 shares, compared to its average volume of 225,472. The company has a market cap of $2.75 billion, a PE ratio of 15.00, a PEG ratio of 1.01 and a beta of 1.52. GATX has a fifty-two week low of $67.46 and a fifty-two week high of $91.12. The business’s 50-day moving average price is $75.62. The company has a debt-to-equity ratio of 2.64, a quick ratio of 2.87 and a current ratio of 2.87.
GATX (NYSE:GATX) last released its quarterly earnings results on Thursday, July 18th. The transportation company reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.46. GATX had a net margin of 12.86% and a return on equity of 9.10%. The company had revenue of $359.40 million for the quarter, compared to analysts’ expectations of $355.00 million. During the same period last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that GATX will post 5.03 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Sunday, June 30th. Shareholders of record on Friday, June 14th were paid 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 dividend yield of 2.41%. GATX’s dividend payout ratio is currently 35.25%.
In other news, VP William M. Muckian sold 4,200 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $75.13, for a total transaction of $315,546.00. Following the transaction, the vice president now directly owns 11,860 shares in the company, valued at approximately $891,041.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.72% of the stock is owned by company insiders.
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.
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