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.

ILLEGAL ACTIVITY NOTICE: “GATX (GATX) Issues FY19 Earnings Guidance” was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/04/26/gatx-gatx-issues-fy19-earnings-guidance.html.

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.

Read More: What is a Buy-Side Analyst?

Earnings History and Estimates for GATX (NYSE:GATX)

Receive News & Ratings for GATX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX and related companies with MarketBeat.com's FREE daily email newsletter.