GATX Co. (NYSE:GATX) Expected to Announce Earnings of $1.32 Per Share

Equities research analysts expect that GATX Co. (NYSE:GATX) will announce earnings per share of $1.32 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for GATX’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.31. GATX reported earnings per share of $1.16 during the same quarter last year, which indicates a positive year-over-year growth rate of 13.8%. The firm is expected to report its next earnings report on Thursday, July 18th.

On average, analysts expect that GATX will report full year earnings of $5.03 per share for the current fiscal year, with EPS estimates ranging from $4.95 to $5.10. For the next financial year, analysts forecast that the firm will post earnings of $5.18 per share, with EPS estimates ranging from $4.90 to $5.40. Zacks’ EPS averages are an average based on a survey of analysts that cover GATX.

GATX (NYSE:GATX) last posted its quarterly earnings data on Wednesday, April 24th. The transportation company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.07). GATX had a return on equity of 9.10% and a net margin of 12.86%. The business had revenue of $317.00 million for the quarter, compared to analyst estimates of $307.14 million. During the same quarter in the prior year, the company earned $1.98 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis.

GATX has been the topic of a number of research analyst reports. Mizuho set a $87.00 target price on shares of GATX and gave the company a “buy” rating in a report on Wednesday, March 27th. Zacks Investment Research raised shares of GATX from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. GATX currently has an average rating of “Buy” and an average price target of $82.00.

GATX stock opened at $74.80 on Tuesday. GATX has a one year low of $67.46 and a one year high of $91.12. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.87 and a quick ratio of 2.87. The stock has a market cap of $2.71 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 0.99 and a beta of 1.49.

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Friday, June 14th will be issued a $0.46 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.46%. GATX’s payout ratio is 35.25%.

In other news, VP William M. Muckian sold 4,200 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $75.13, for a total value of $315,546.00. Following the sale, the vice president now directly owns 11,860 shares of the company’s stock, valued at approximately $891,041.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.72% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio raised its holdings in GATX by 6.5% in the 4th quarter. Strs Ohio now owns 3,300 shares of the transportation company’s stock valued at $233,000 after acquiring an additional 200 shares during the period. Thrivent Financial for Lutherans raised its holdings in GATX by 5.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 9,576 shares of the transportation company’s stock valued at $678,000 after acquiring an additional 487 shares during the period. Advisor Group Inc. raised its holdings in GATX by 3.3% in the 4th quarter. Advisor Group Inc. now owns 4,773 shares of the transportation company’s stock valued at $338,000 after acquiring an additional 154 shares during the period. Interactive Financial Advisors bought a new position in GATX in the 1st quarter valued at about $344,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in GATX by 76.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 22,007 shares of the transportation company’s stock valued at $1,558,000 after acquiring an additional 9,506 shares during the period.

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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