GATX Corporation (NYSE:GATX) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.40-4.60 for the period, compared to the Thomson Reuters consensus estimate of $4.56.
Shares of GATX Corporation (GATX) opened at 61.86 on Friday. The stock has a market capitalization of $2.42 billion, a P/E ratio of 10.19 and a beta of 1.20. The firm has a 50-day moving average price of $63.08 and a 200-day moving average price of $60.32. GATX Corporation has a 52-week low of $40.66 and a 52-week high of $66.30.
GATX Corporation (NYSE:GATX) last released its quarterly earnings data on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.21. The business had revenue of $348.40 million for the quarter, compared to analysts’ expectations of $352.64 million. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS. On average, analysts predict that GATX Corporation will post $4.55 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a dividend of $0.42 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.68 annualized dividend and a dividend yield of 2.72%. GATX Corporation’s payout ratio is 28.38%.
GATX has been the topic of several research analyst reports. Axiom Securities reissued a sell rating on shares of GATX Corporation in a report on Friday, June 16th. ValuEngine raised GATX Corporation from a buy rating to a strong-buy rating in a report on Saturday, June 3rd. Zacks Investment Research raised GATX Corporation from a hold rating to a buy rating and set a $67.00 price target on the stock in a report on Friday, April 21st. Buckingham Research initiated coverage on GATX Corporation in a report on Wednesday, June 21st. They set a neutral rating and a $64.00 price target on the stock. Finally, Cowen and Company reissued a market perform rating and set a $63.00 price target (up from $62.00) on shares of GATX Corporation in a report on Sunday, April 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $55.86.
In other news, EVP Thomas A. Ellman sold 2,239 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $61.52, for a total value of $137,743.28. Following the completion of the sale, the executive vice president now directly owns 30,740 shares in the company, valued at approximately $1,891,124.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul F. Titterton sold 2,843 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $61.68, for a total value of $175,356.24. Following the completion of the sale, the senior vice president now owns 12,261 shares of the company’s stock, valued at $756,258.48. The disclosure for this sale can be found here. Insiders sold a total of 9,517 shares of company stock valued at $601,618 over the last 90 days. 3.50% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION NOTICE: “GATX Corporation (GATX) Updates FY17 Earnings Guidance” was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/07/22/gatx-corporation-gatx-updates-fy17-earnings-guidance.html.
GATX Corporation 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.
Receive News & Ratings for GATX Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
