Genesee & Wyoming, Inc. (NYSE:GWR) issued its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07, Morningstar.com reports. The firm had revenue of $540.43 million for the quarter, compared to the consensus estimate of $539.59 million. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 EPS. Genesee & Wyoming updated its Q3 guidance to ~$0.85 EPS and its FY17 guidance to ~$3.00 EPS.
Shares of Genesee & Wyoming (GWR) opened at 65.56 on Friday. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 28.73 and a beta of 1.71. Genesee & Wyoming has a 1-year low of $61.44 and a 1-year high of $80.73. The stock has a 50 day moving average of $67.18 and a 200 day moving average of $68.03.
In other news, insider Christopher F. Liucci sold 1,677 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $64.48, for a total transaction of $108,132.96. Following the completion of the transaction, the insider now directly owns 23,258 shares in the company, valued at $1,499,675.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Albert J. Neupaver purchased 1,560 shares of Genesee & Wyoming stock in a transaction dated Wednesday, May 24th. The shares were bought at an average price of $64.77 per share, with a total value of $101,041.20. Following the completion of the acquisition, the director now directly owns 5,910 shares of the company’s stock, valued at $382,790.70. The disclosure for this purchase can be found here. Insiders have sold 13,480 shares of company stock valued at $893,428 over the last 90 days. Corporate insiders own 3.80% of the company’s stock.
Several institutional investors have recently modified their holdings of GWR. Bronfman E.L. Rothschild L.P. increased its position in shares of Genesee & Wyoming by 8.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,546 shares of the transportation company’s stock valued at $105,000 after buying an additional 120 shares during the last quarter. Neuburgh Advisers LLC increased its stake in Genesee & Wyoming by 15.2% in the first quarter. Neuburgh Advisers LLC now owns 1,696 shares of the transportation company’s stock valued at $115,000 after buying an additional 224 shares during the last quarter. Global X Management Co. LLC increased its stake in Genesee & Wyoming by 221.8% in the second quarter. Global X Management Co. LLC now owns 1,947 shares of the transportation company’s stock valued at $133,000 after buying an additional 1,342 shares during the last quarter. Creative Planning increased its stake in Genesee & Wyoming by 8.7% in the first quarter. Creative Planning now owns 2,262 shares of the transportation company’s stock valued at $153,000 after buying an additional 181 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in Genesee & Wyoming by 15.2% in the first quarter. Glen Harbor Capital Management LLC now owns 2,332 shares of the transportation company’s stock valued at $158,000 after buying an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 95.26% of the company’s stock.
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A number of brokerages have recently issued reports on GWR. Zacks Investment Research downgraded shares of Genesee & Wyoming from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub lowered shares of Genesee & Wyoming from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. Finally, Cowen and Company reiterated a “buy” rating and issued a $75.00 price objective on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.67.
Genesee & Wyoming Company Profile
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.
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