GATX (NYSE:GATX) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 20th. Analysts expect the company to announce earnings of $0.86 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
GATX (NYSE:GATX) last posted its quarterly earnings results on Tuesday, July 21st. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.94 by $0.11. GATX had a return on equity of 9.66% and a net margin of 14.12%. The business had revenue of $300.50 million during the quarter, compared to analysts’ expectations of $331.40 million. During the same period last year, the firm earned $1.78 EPS. The company’s quarterly revenue was down 16.4% compared to the same quarter last year. On average, analysts expect GATX to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of GATX stock opened at $68.95 on Friday. The business’s fifty day moving average price is $65.56 and its 200 day moving average price is $62.22. The firm has a market capitalization of $2.41 billion, a PE ratio of 13.11 and a beta of 1.02. The company has a debt-to-equity ratio of 2.71, a current ratio of 4.28 and a quick ratio of 4.28. GATX has a 1-year low of $50.69 and a 1-year high of $86.01.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Monday, September 14th. GATX’s dividend payout ratio (DPR) is currently 34.85%.
A number of equities analysts have recently issued reports on GATX shares. TheStreet upgraded shares of GATX from a “c” rating to a “b-” rating in a report on Wednesday, September 16th. Sidoti increased their target price on shares of GATX from $69.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, September 18th. Finally, Zacks Investment Research cut GATX from a “hold” rating to a “sell” rating and set a $70.00 price target on the stock. in a report on Tuesday, August 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $72.20.
GATX Company Profile
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.
Featured Article: CBOE Russell 2000® Volatility Index
Receive News & Ratings for GATX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX and related companies with MarketBeat.com's FREE daily email newsletter.