GATX Co. (NASDAQ:GATX) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $220.127.116.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.53.
A number of research firms have weighed in on GATX. Sidoti cut shares of GATX from a buy rating to a neutral rating in a research report on Wednesday, December 14th. Zacks Investment Research cut shares of GATX from a strong-buy rating to a hold rating in a research report on Monday, October 24th. Stifel Nicolaus cut shares of GATX from a hold rating to a sell rating and set a $49.00 price objective on the stock. in a research report on Thursday, January 12th. TheStreet cut shares of GATX from a buy rating to a hold rating in a research report on Wednesday, September 28th. Finally, Axiom Securities reiterated a sell rating on shares of GATX in a research report on Tuesday, December 27th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $49.33.
Shares of GATX Co. (NASDAQ:GATX) opened at 57.21 on Thursday. The stock has a market capitalization of $2.28 billion and a price-to-earnings ratio of 8.36. The stock’s 50 day moving average is $60.33 and its 200-day moving average is $48.85. GATX Co. has a 52 week low of $34.78 and a 52 week high of $64.46.
GATX (NASDAQ:GATX) last announced its quarterly earnings data on Thursday, January 19th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The firm earned $362.10 million during the quarter, compared to analysts’ expectations of $355.71 million. The business’s quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts anticipate that GATX Co. will post $5.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 31st. Shareholders of record on Thursday, December 15th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a $1.60 dividend on an annualized basis and a yield of 2.80%.
In other GATX news, VP William M. Muckian sold 1,300 shares of the firm’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $46.02, for a total value of $59,826.00. Following the transaction, the vice president now owns 20,476 shares in the company, valued at approximately $942,305.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brian A. Kenney sold 7,500 shares of the firm’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $43.70, for a total value of $327,750.00. Following the completion of the transaction, the chairman now owns 220,630 shares in the company, valued at approximately $9,641,531. The disclosure for this sale can be found here.
GATX Company Profile
GATX Corporation is a railcar lessor, owning fleets in North America, Europe and Asia. The Company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC) and Portfolio Management. Rail North America provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services.