Wall Street analysts forecast that GATX Co. (NYSE:GATX) will post earnings of $0.92 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for GATX’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.97. GATX posted earnings of $1.32 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 30.3%. The business is expected to issue its next quarterly earnings report on Thursday, July 19th.
According to Zacks, analysts expect that GATX will report full-year earnings of $4.70 per share for the current year, with EPS estimates ranging from $4.60 to $4.80. For the next financial year, analysts expect that the business will report earnings of $4.84 per share, with EPS estimates ranging from $4.55 to $5.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover GATX.
Get GATX alerts:GATX (NYSE:GATX) last issued its quarterly earnings results on Thursday, April 19th. The transportation company reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.81. GATX had a return on equity of 12.45% and a net margin of 38.12%. The firm had revenue of $305.30 million during the quarter, compared to analyst estimates of $304.46 million. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue was down 3.4% compared to the same quarter last year.
Several research firms have recently commented on GATX. Stifel Nicolaus lifted their price objective on GATX from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, March 28th. Mizuho began coverage on GATX in a report on Thursday. They issued a “buy” rating and a $88.00 price objective on the stock. Zacks Investment Research downgraded GATX from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Finally, ValuEngine downgraded GATX from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. GATX presently has an average rating of “Hold” and an average price target of $73.17.
A number of large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in GATX by 56.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,983 shares of the transportation company’s stock valued at $123,000 after purchasing an additional 719 shares during the period. US Bancorp DE grew its holdings in shares of GATX by 3.2% during the 1st quarter. US Bancorp DE now owns 24,791 shares of the transportation company’s stock worth $1,698,000 after acquiring an additional 766 shares during the period. Victory Capital Management Inc. grew its holdings in shares of GATX by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 13,881 shares of the transportation company’s stock worth $863,000 after acquiring an additional 843 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of GATX by 26.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,786 shares of the transportation company’s stock worth $297,000 after acquiring an additional 1,003 shares during the period. Finally, GWM Advisors LLC grew its holdings in shares of GATX by 5.4% during the 1st quarter. GWM Advisors LLC now owns 20,311 shares of the transportation company’s stock worth $1,360,000 after acquiring an additional 1,035 shares during the period.
GATX stock traded up $5.15 during mid-day trading on Friday, hitting $74.23. 570,673 shares of the stock were exchanged, compared to its average volume of 225,382. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 2.38. GATX has a 12 month low of $56.00 and a 12 month high of $76.26. The firm has a market cap of $2.75 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.05 and a beta of 1.25.
The firm also recently declared a quarterly dividend, which was paid on Saturday, June 30th. Investors of record on Friday, June 15th were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, June 14th. This represents a $1.76 dividend on an annualized basis and a yield of 2.37%. GATX’s dividend payout ratio is presently 37.45%.
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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