GATX Corporation (NYSE:GATX) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $4.40-4.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.56.
Several brokerages recently weighed in on GATX. Axiom Securities reiterated a sell rating on shares of GATX Corporation in a research report on Wednesday, July 26th. Cowen and Company reiterated a market perform rating and issued a $63.00 price objective (up from $62.00) on shares of GATX Corporation in a research report on Sunday, April 23rd. Zacks Investment Research upgraded shares of GATX Corporation from a hold rating to a buy rating and set a $67.00 price objective on the stock in a research report on Friday, April 21st. Citigroup Inc. cut their price objective on shares of GATX Corporation from $73.00 to $71.00 and set a buy rating on the stock in a research report on Friday, July 21st. Finally, ValuEngine upgraded shares of GATX Corporation from a buy rating to a strong-buy rating in a research report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $56.14.
GATX Corporation (GATX) traded down 0.54% during trading on Wednesday, reaching $62.12. 122,889 shares of the company’s stock traded hands. GATX Corporation has a 12 month low of $40.66 and a 12 month high of $66.30. The firm’s 50 day moving average is $62.69 and its 200-day moving average is $60.70. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 10.47 and a beta of 1.19.
GATX Corporation (NYSE:GATX) last issued its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.21. The business had revenue of $348.40 million for the quarter, compared to the consensus estimate of $352.64 million. GATX Corporation had a net margin of 17.09% and a return on equity of 17.83%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. Analysts expect that GATX Corporation will post $4.60 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.68 annualized dividend and a yield of 2.70%. GATX Corporation’s dividend payout ratio (DPR) is 28.38%.
In other GATX Corporation news, EVP Deborah A. Golden sold 1,368 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $64.46, for a total transaction of $88,181.28. Following the transaction, the executive vice president now directly owns 37,083 shares in the company, valued at approximately $2,390,370.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Deborah A. Golden sold 2,429 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $65.42, for a total transaction of $158,905.18. Following the transaction, the executive vice president now owns 39,783 shares in the company, valued at $2,602,603.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,517 shares of company stock worth $601,618. Corporate insiders own 3.50% of the company’s stock.
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.
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