Genesee & Wyoming (NYSE:GWR) announced its quarterly earnings data on Friday, July 27th. The transportation company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02, Bloomberg Earnings reports. Genesee & Wyoming had a return on equity of 5.32% and a net margin of 25.71%. The company had revenue of $595.00 million for the quarter, compared to analyst estimates of $592.93 million. During the same quarter last year, the firm earned $0.80 EPS. Genesee & Wyoming’s revenue for the quarter was up 10.1% compared to the same quarter last year.
Genesee & Wyoming stock opened at $87.08 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. The company has a market cap of $5.32 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.30 and a beta of 1.73. Genesee & Wyoming has a one year low of $64.31 and a one year high of $89.71.
Several brokerages have recently weighed in on GWR. Zacks Investment Research raised Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Monday, August 6th. Citigroup lifted their price objective on Genesee & Wyoming from $84.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, July 30th. Raymond James lifted their price objective on Genesee & Wyoming from $90.00 to $96.00 and gave the stock a “strong-buy” rating in a report on Monday, July 30th. Wolfe Research lowered Genesee & Wyoming from an “outperform” rating to a “market perform” rating in a report on Monday, July 30th. Finally, Cowen raised their target price on Genesee & Wyoming from $77.00 to $92.00 and gave the stock an “outperform” rating in a research report on Monday, July 30th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $89.30.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Precocity Capital LP raised its position in Genesee & Wyoming by 40.0% in the 2nd quarter. Precocity Capital LP now owns 175,000 shares of the transportation company’s stock valued at $14,231,000 after purchasing an additional 50,000 shares during the last quarter. Golden Gate Private Equity Inc. bought a new stake in shares of Genesee & Wyoming during the second quarter worth $3,806,000. Envestnet Asset Management Inc. raised its position in shares of Genesee & Wyoming by 24.1% during the second quarter. Envestnet Asset Management Inc. now owns 4,744 shares of the transportation company’s stock worth $386,000 after acquiring an additional 921 shares during the last quarter. Richard Bernstein Advisors LLC bought a new stake in shares of Genesee & Wyoming during the second quarter worth $3,985,000. Finally, Brown Advisory Inc. raised its position in shares of Genesee & Wyoming by 27.8% during the second quarter. Brown Advisory Inc. now owns 44,475 shares of the transportation company’s stock worth $3,617,000 after acquiring an additional 9,673 shares during the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.
Genesee & Wyoming Company Profile
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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