GATX (GATX) Issues FY19 Earnings Guidance

GATX (NYSE:GATX) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $4.85-5.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.00.

Several research firms have recently weighed in on GATX. Zacks Investment Research cut shares of GATX from a buy rating to a hold rating in a report on Tuesday, April 9th. Wells Fargo & Co set a $90.00 target price on shares of GATX and gave the company an outperform rating in a research report on Wednesday, January 23rd. Finally, Mizuho set a $87.00 target price on shares of GATX and gave the company a buy rating in a research report on Wednesday, March 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $82.00.

Shares of NYSE GATX opened at $75.42 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $2.85 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51. GATX has a 12-month low of $63.98 and a 12-month high of $91.12.

GATX (NYSE:GATX) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.07). The firm had revenue of $317.00 million during the quarter, compared to the consensus estimate of $307.14 million. GATX had a return on equity of 10.97% and a net margin of 15.53%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.98 earnings per share. Equities research analysts anticipate that GATX will post 4.99 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Monday, March 4th were given a $0.46 dividend. This is a positive change from GATX’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, March 1st. GATX’s dividend payout ratio is presently 35.25%.

In related news, SVP Jeffery R. Young sold 2,223 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $77.48, for a total transaction of $172,238.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Zmudka sold 1,526 shares of the company’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $76.61, for a total transaction of $116,906.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,022 shares of company stock valued at $385,753. Company insiders own 3.72% of the company’s stock.

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About GATX

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.

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Earnings History and Estimates for GATX (NYSE:GATX)

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