GATX Co. (NYSE:GATX) Expected to Post Earnings of $0.86 Per Share


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Equities analysts expect that GATX Co. (NYSE:GATX) will announce $0.86 earnings per share for the current quarter, according to Zacks. Zero analysts have issued estimates for GATX’s earnings. GATX posted earnings of $1.31 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 34.4%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, April 20th.

According to Zacks, analysts expect that GATX will report full-year earnings of $4.15 per share for the current year. For the next year, analysts expect that the company will report earnings of $5.65 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover GATX.

GATX (NYSE:GATX) last posted its quarterly earnings data on Thursday, January 28th. The transportation company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.36). GATX had a return on equity of 9.01% and a net margin of 14.96%. The firm had revenue of $304.90 million during the quarter, compared to analyst estimates of $301.53 million. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis.

A number of research firms have weighed in on GATX. Cowen raised their target price on shares of GATX from $84.00 to $99.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 9th. Wells Fargo & Company raised their target price on shares of GATX from $98.00 to $103.00 and gave the stock an “overweight” rating in a research note on Monday, March 29th. Finally, Zacks Investment Research lowered shares of GATX from a “buy” rating to a “hold” rating and set a $93.00 price target on the stock. in a research report on Friday, January 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $89.20.

In related news, SVP Paul F. Titterton sold 9,834 shares of the business’s stock in a transaction on Monday, February 1st. The shares were sold at an average price of $91.14, for a total transaction of $896,270.76. Following the completion of the transaction, the senior vice president now owns 19,455 shares in the company, valued at $1,773,128.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Paul F. Titterton sold 2,263 shares of the business’s stock in a transaction on Monday, March 8th. The stock was sold at an average price of $98.73, for a total transaction of $223,425.99. Following the transaction, the senior vice president now owns 7,318 shares of the company’s stock, valued at approximately $722,506.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,947 shares of company stock valued at $5,421,845. Insiders own 4.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Private Capital Group LLC grew its stake in shares of GATX by 14.9% during the fourth quarter. Private Capital Group LLC now owns 1,171 shares of the transportation company’s stock worth $97,000 after purchasing an additional 152 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of GATX by 0.3% during the third quarter. California State Teachers Retirement System now owns 54,634 shares of the transportation company’s stock worth $3,483,000 after purchasing an additional 155 shares in the last quarter. Retirement Systems of Alabama lifted its position in GATX by 0.4% in the first quarter. Retirement Systems of Alabama now owns 45,813 shares of the transportation company’s stock valued at $4,249,000 after acquiring an additional 192 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in GATX by 1.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 14,700 shares of the transportation company’s stock valued at $1,223,000 after acquiring an additional 200 shares during the last quarter. Finally, Strs Ohio lifted its position in GATX by 16.7% in the fourth quarter. Strs Ohio now owns 1,400 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 200 shares during the last quarter.

GATX stock traded down $0.20 during trading on Monday, hitting $95.68. The stock had a trading volume of 237,260 shares, compared to its average volume of 229,375. The company has a debt-to-equity ratio of 2.69, a current ratio of 4.22 and a quick ratio of 4.22. The company’s 50-day moving average price is $94.66 and its two-hundred day moving average price is $85.73. GATX has a twelve month low of $51.30 and a twelve month high of $101.34. The stock has a market capitalization of $3.38 billion, a P/E ratio of 17.85 and a beta of 1.04.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, February 26th were paid a $0.50 dividend. This is an increase from GATX’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. GATX’s payout ratio is 36.30%.

GATX Company Profile

GATX Corporation (NYSE: GATX) strives to be recognized as the finest railcar leasing company in the world by our customers, our shareholders, our employees and the communities where we operate. As the leading global railcar lessor, GATX has been providing quality railcars and services to its customers for more than 122 years.

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