Genesee & Wyoming, Inc. (NYSE:GWR) Posts Quarterly Earnings Results

Genesee & Wyoming, Inc. (NYSE:GWR) released its quarterly earnings data on Tuesday. The transportation company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07, Morningstar.com reports. Genesee & Wyoming had a net margin of 6.89% and a return on equity of 6.61%. The business had revenue of $540.43 million during the quarter, compared to the consensus estimate of $539.59 million. During the same quarter in the prior year, the firm earned $0.81 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Genesee & Wyoming updated its Q3 guidance to ~$0.85 EPS and its FY17 guidance to ~$3.00 EPS.

Shares of Genesee & Wyoming (NYSE GWR) opened at 65.16 on Tuesday. The stock has a market capitalization of $4.06 billion, a PE ratio of 27.65 and a beta of 1.73. Genesee & Wyoming has a 12 month low of $61.44 and a 12 month high of $80.73. The stock’s 50 day moving average is $67.31 and its 200 day moving average is $68.77.

Several analysts have recently issued reports on GWR shares. Royal Bank Of Canada restated a “hold” rating on shares of Genesee & Wyoming in a research report on Tuesday, April 11th. Bank of America Corp upgraded shares of Genesee & Wyoming from a “neutral” rating to a “buy” rating and upped their target price for the company from $42.21 to $76.00 in a research report on Wednesday, April 19th. Cowen and Company decreased their target price on shares of Genesee & Wyoming from $77.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 4th. Finally, BidaskClub upgraded shares of Genesee & Wyoming from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $75.67.

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In related news, EVP Matthew O. Walsh sold 4,042 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $66.63, for a total transaction of $269,318.46. Following the transaction, the executive vice president now directly owns 105,872 shares in the company, valued at $7,054,251.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher F. Liucci sold 1,677 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $64.48, for a total transaction of $108,132.96. Following the transaction, the insider now owns 23,258 shares in the company, valued at $1,499,675.84. The disclosure for this sale can be found here. Insiders have sold 8,407 shares of company stock worth $554,349 over the last 90 days. 3.80% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC raised its position in Genesee & Wyoming by 13.6% in the fourth quarter. Guggenheim Capital LLC now owns 30,813 shares of the transportation company’s stock valued at $2,138,000 after buying an additional 3,693 shares during the last quarter. AQR Capital Management LLC purchased a new position in Genesee & Wyoming during the fourth quarter valued at $259,000. Teachers Advisors LLC raised its position in Genesee & Wyoming by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 59,957 shares of the transportation company’s stock valued at $4,162,000 after buying an additional 3,382 shares during the last quarter. Macquarie Group Ltd. raised its position in Genesee & Wyoming by 127.6% in the fourth quarter. Macquarie Group Ltd. now owns 80,178 shares of the transportation company’s stock valued at $5,566,000 after buying an additional 44,953 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its position in Genesee & Wyoming by 18.1% in the first quarter. Peregrine Capital Management LLC now owns 342,148 shares of the transportation company’s stock valued at $22,927,000 after buying an additional 52,478 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

About Genesee & Wyoming

Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.