Equities research analysts expect Genesee & Wyoming Inc (NYSE:GWR) to report $596.57 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Genesee & Wyoming’s earnings. The highest sales estimate is $612.59 million and the lowest is $587.99 million. Genesee & Wyoming posted sales of $576.93 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The company is expected to report its next quarterly earnings results on Tuesday, October 30th.
On average, analysts expect that Genesee & Wyoming will report full-year sales of $2.36 billion for the current year, with estimates ranging from $2.35 billion to $2.38 billion. For the next financial year, analysts anticipate that the company will post sales of $2.50 billion per share, with estimates ranging from $2.47 billion to $2.55 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Genesee & Wyoming.
Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings data on Friday, July 27th. The transportation company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The business had revenue of $595.00 million during the quarter, compared to analysts’ expectations of $592.93 million. Genesee & Wyoming had a net margin of 25.71% and a return on equity of 5.32%. Genesee & Wyoming’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 earnings per share.
Several research firms recently commented on GWR. Zacks Investment Research upgraded shares of Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Monday, August 6th. Bank of America cut shares of Genesee & Wyoming from a “buy” rating to a “neutral” rating and upped their target price for the company from $90.00 to $94.00 in a research note on Thursday, August 9th. Wolfe Research cut shares of Genesee & Wyoming from an “outperform” rating to a “market perform” rating in a research note on Monday, July 30th. Cowen upped their target price on shares of Genesee & Wyoming from $77.00 to $92.00 and gave the company an “outperform” rating in a research note on Monday, July 30th. Finally, Citigroup upped their target price on shares of Genesee & Wyoming from $84.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, July 30th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Genesee & Wyoming has an average rating of “Buy” and a consensus target price of $89.30.
In other Genesee & Wyoming news, General Counsel Allison M. Fergus sold 2,106 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $88.00, for a total value of $185,328.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher F. Liucci sold 1,000 shares of the business’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $79.11, for a total transaction of $79,110.00. Following the completion of the sale, the insider now directly owns 20,189 shares in the company, valued at approximately $1,597,151.79. The disclosure for this sale can be found here. Insiders sold a total of 28,377 shares of company stock worth $2,487,830 in the last three months. Insiders own 2.41% of the company’s stock.
A number of institutional investors have recently made changes to their positions in GWR. First Wilshire Securities Management Inc. bought a new stake in Genesee & Wyoming in the 2nd quarter valued at $203,000. Wedgewood Investors Inc. PA bought a new stake in Genesee & Wyoming in the 2nd quarter valued at $220,000. Raymond James Financial Services Advisors Inc. bought a new stake in Genesee & Wyoming in the 2nd quarter valued at $258,000. A.R.T. Advisors LLC bought a new stake in Genesee & Wyoming in the 1st quarter valued at $269,000. Finally, Sawtooth Solutions LLC bought a new stake in shares of Genesee & Wyoming in the 2nd quarter worth about $270,000. 93.37% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:GWR traded up $0.95 during trading hours on Friday, hitting $88.08. 901,900 shares of the company traded hands, compared to its average volume of 505,738. The stock has a market cap of $5.28 billion, a P/E ratio of 30.07, a PEG ratio of 1.30 and a beta of 1.75. Genesee & Wyoming has a twelve month low of $67.61 and a twelve month high of $90.19. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.26.
About Genesee & Wyoming
Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.
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