Zacks: Brokerages Anticipate Genesee & Wyoming, Inc. (GWR) Will Post Earnings of $0.85 Per Share

Wall Street analysts expect Genesee & Wyoming, Inc. (NYSE:GWR) to post earnings per share (EPS) of $0.85 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Genesee & Wyoming’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.87. Genesee & Wyoming reported earnings per share of $0.95 during the same quarter last year, which would suggest a negative year over year growth rate of 10.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Genesee & Wyoming will report full-year earnings of $3.01 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.05. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.63 per share, with EPS estimates ranging from $3.45 to $4.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Genesee & Wyoming.

Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.07. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The firm had revenue of $540.43 million for the quarter, compared to analyst estimates of $539.59 million. During the same period in the prior year, the firm posted $0.81 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year.

Several research firms recently commented on GWR. BidaskClub raised Genesee & Wyoming from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday, July 17th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $75.00 price objective on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $75.67.

Genesee & Wyoming (NYSE GWR) traded up 0.70% during mid-day trading on Friday, reaching $66.36. 274,793 shares of the company’s stock traded hands. The stock has a market cap of $4.14 billion, a P/E ratio of 29.08 and a beta of 1.71. The company has a 50 day moving average price of $66.86 and a 200-day moving average price of $67.70. Genesee & Wyoming has a 12 month low of $61.44 and a 12 month high of $80.73.

In other Genesee & Wyoming news, CFO Timothy J. Gallagher sold 5,073 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $66.84, for a total value of $339,079.32. Following the transaction, the chief financial officer now owns 56,951 shares of the company’s stock, valued at $3,806,604.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in Genesee & Wyoming by 21.1% in the first quarter. FMR LLC now owns 6,673,222 shares of the transportation company’s stock worth $452,845,000 after buying an additional 1,160,510 shares in the last quarter. BlackRock Inc. increased its position in Genesee & Wyoming by 8,807.0% in the first quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock worth $341,280,000 after buying an additional 4,972,702 shares in the last quarter. Vanguard Group Inc. increased its position in Genesee & Wyoming by 3.0% in the second quarter. Vanguard Group Inc. now owns 4,939,799 shares of the transportation company’s stock worth $337,833,000 after buying an additional 145,424 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Genesee & Wyoming during the second quarter worth $132,357,000. Finally, TimesSquare Capital Management LLC increased its position in Genesee & Wyoming by 14.7% in the second quarter. TimesSquare Capital Management LLC now owns 1,935,100 shares of the transportation company’s stock worth $132,341,000 after buying an additional 247,900 shares in the last quarter. 95.26% of the stock is currently owned by institutional investors.

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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.

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