Analysts predict that GATX Co. (NYSE:GATX) will announce $348.27 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for GATX’s earnings. The lowest sales estimate is $341.70 million and the highest is $355.10 million. GATX reported sales of $352.80 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.3%. The firm is scheduled to report its next quarterly earnings results before the market opens on Tuesday, January 22nd.
According to Zacks, analysts expect that GATX will report full year sales of $1.35 billion for the current year, with estimates ranging from $1.35 billion to $1.36 billion. For the next year, analysts forecast that the company will post sales of $1.39 billion, with estimates ranging from $1.37 billion to $1.40 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow GATX.
GATX (NYSE:GATX) last issued its quarterly earnings data on Tuesday, October 23rd. The transportation company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.15. GATX had a net margin of 37.15% and a return on equity of 10.65%. The business had revenue of $349.70 million for the quarter, compared to analyst estimates of $357.00 million. During the same period last year, the business posted $1.25 earnings per share. The firm’s quarterly revenue was down 2.8% on a year-over-year basis.
GATX has been the topic of a number of research analyst reports. Mizuho set a $90.00 price objective on shares of GATX and gave the stock a “buy” rating in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of GATX from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Tuesday, September 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. GATX has an average rating of “Hold” and a consensus price target of $79.50.
Shares of NYSE:GATX traded down $0.28 during midday trading on Friday, reaching $72.18. 180,700 shares of the company were exchanged, compared to its average volume of 269,388. GATX has a fifty-two week low of $61.00 and a fifty-two week high of $91.12. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 2.40. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.94 and a beta of 1.50.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 14th were paid a $0.44 dividend. The ex-dividend date was Thursday, December 13th. This represents a $1.76 annualized dividend and a yield of 2.44%. GATX’s payout ratio is currently 37.45%.
Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC increased its stake in shares of GATX by 7.2% during the 2nd quarter. SG Americas Securities LLC now owns 14,644 shares of the transportation company’s stock worth $1,087,000 after purchasing an additional 988 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of GATX by 7.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 19,658 shares of the transportation company’s stock worth $1,453,000 after purchasing an additional 1,300 shares during the last quarter. BlackRock Inc. increased its stake in shares of GATX by 1.4% during the 2nd quarter. BlackRock Inc. now owns 4,280,856 shares of the transportation company’s stock worth $317,768,000 after purchasing an additional 58,854 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of GATX by 20.6% during the 2nd quarter. Janus Henderson Group PLC now owns 849,712 shares of the transportation company’s stock worth $63,074,000 after purchasing an additional 145,019 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of GATX by 15.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,977 shares of the transportation company’s stock worth $591,000 after purchasing an additional 1,093 shares during the last quarter.
GATX Company Profile
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.
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