Wall Street analysts forecast that GATX Corporation (NYSE:GATX) will announce sales of $344.65 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for GATX Corporation’s earnings. The lowest sales estimate is $335.30 million and the highest is $354.00 million. GATX Corporation posted sales of $362.10 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The business is scheduled to issue its next earnings report on Thursday, January 18th.
On average, analysts expect that GATX Corporation will report full year sales of $344.65 million for the current fiscal year, with estimates ranging from $1.35 billion to $1.38 billion. For the next year, analysts anticipate that the business will report sales of $1.33 billion per share, with estimates ranging from $1.31 billion to $1.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover GATX Corporation.
GATX Corporation (NYSE:GATX) last issued its earnings results on Thursday, October 19th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.26. The company had revenue of $259.60 million during the quarter, compared to analyst estimates of $350.04 million. GATX Corporation had a net margin of 13.76% and a return on equity of 14.51%. The company’s revenue for the quarter was down 28.5% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS.
Several research analysts recently commented on the stock. Stifel Nicolaus restated a “hold” rating and set a $56.00 target price on shares of GATX Corporation in a report on Tuesday, October 17th. BidaskClub upgraded shares of GATX Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Axiom Securities restated a “sell” rating on shares of GATX Corporation in a report on Wednesday, July 26th. Zacks Investment Research cut shares of GATX Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, ValuEngine upgraded shares of GATX Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.33.
In other GATX Corporation news, VP Jeffery R. Young sold 2,910 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $58.70, for a total value of $170,817.00. Following the completion of the sale, the vice president now owns 6,881 shares in the company, valued at $403,914.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. IFP Advisors Inc lifted its stake in GATX Corporation by 2.9% in the second quarter. IFP Advisors Inc now owns 2,259 shares of the transportation company’s stock valued at $145,000 after acquiring an additional 64 shares during the last quarter. State Treasurer State of Michigan lifted its stake in GATX Corporation by 0.6% in the second quarter. State Treasurer State of Michigan now owns 16,090 shares of the transportation company’s stock valued at $1,034,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System lifted its stake in GATX Corporation by 0.6% in the second quarter. Arizona State Retirement System now owns 16,500 shares of the transportation company’s stock valued at $1,060,000 after acquiring an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in GATX Corporation by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 19,651 shares of the transportation company’s stock valued at $1,263,000 after acquiring an additional 107 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in GATX Corporation by 1.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 12,660 shares of the transportation company’s stock valued at $814,000 after acquiring an additional 120 shares during the last quarter.
Shares of GATX Corporation (NYSE:GATX) traded down 0.08% during midday trading on Wednesday, hitting $59.95. 259,179 shares of the company’s stock were exchanged. The company has a 50-day moving average of $61.32 and a 200-day moving average of $61.50. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 10.11 and a beta of 1.20. GATX Corporation has a 52 week low of $42.21 and a 52 week high of $66.30.
The firm also recently announced a quarterly dividend, which was paid on Saturday, September 30th. Investors of record on Friday, September 15th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, September 14th. GATX Corporation’s payout ratio is 34.93%.
About GATX Corporation
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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