GATX Corporation (GATX) Issues FY17 Earnings Guidance

GATX Corporation (NYSE:GATX) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $4.40-4.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.60.

A number of brokerages have weighed in on GATX. BidaskClub raised GATX Corporation from a sell rating to a hold rating in a research report on Thursday, September 21st. Stifel Nicolaus reaffirmed a hold rating and set a $56.00 target price on shares of GATX Corporation in a research report on Tuesday. Axiom Securities reaffirmed a sell rating on shares of GATX Corporation in a research report on Wednesday, July 26th. Zacks Investment Research lowered GATX Corporation from a buy rating to a hold rating in a research report on Tuesday, September 19th. Finally, ValuEngine raised GATX Corporation from a buy rating to a strong-buy rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. GATX Corporation presently has an average rating of Hold and an average price target of $57.83.

GATX Corporation (GATX) opened at 64.09 on Thursday. GATX Corporation has a 52 week low of $42.21 and a 52 week high of $66.30. The company’s 50-day moving average price is $61.41 and its 200 day moving average price is $61.52. The stock has a market capitalization of $2.48 billion, a P/E ratio of 10.80 and a beta of 1.20.

GATX Corporation (NYSE:GATX) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.21. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The company had revenue of $348.40 million for the quarter, compared to analysts’ expectations of $352.64 million. During the same period last year, the firm earned $1.49 earnings per share. GATX Corporation’s quarterly revenue was down 2.9% on a year-over-year basis. Equities research analysts expect that GATX Corporation will post $4.60 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, September 14th. GATX Corporation’s dividend payout ratio is presently 28.38%.

In other GATX Corporation news, VP Jeffery R. Young sold 2,910 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total value of $170,817.00. Following the sale, the vice president now directly owns 6,881 shares in the company, valued at $403,914.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.50% of the stock is owned by company insiders.

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A number of brokerages have weighed in on GATX. BidaskClub raised GATX Corporation from a sell rating to a hold rating in a research report on Thursday, September 21st. Stifel Nicolaus reaffirmed a hold rating and set a $56.00 target price on shares of GATX Corporation in a research report on Tuesday. Axiom Securities reaffirmed a sell rating on shares of GATX Corporation in a research report on Wednesday, July 26th. Zacks Investment Research lowered GATX Corporation from a buy rating to a hold rating in a research report on Tuesday, September 19th. Finally, ValuEngine raised GATX Corporation from a buy rating to a strong-buy rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. GATX Corporation presently has an average rating of Hold and an average price target of $57.83.

GATX Corporation (GATX) opened at 64.09 on Thursday. GATX Corporation has a 52 week low of $42.21 and a 52 week high of $66.30. The company’s 50-day moving average price is $61.41 and its 200 day moving average price is $61.52. The stock has a market capitalization of $2.48 billion, a P/E ratio of 10.80 and a beta of 1.20.

GATX Corporation (NYSE:GATX) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.21. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The company had revenue of $348.40 million for the quarter, compared to analysts’ expectations of $352.64 million. During the same period last year, the firm earned $1.49 earnings per share. GATX Corporation’s quarterly revenue was down 2.9% on a year-over-year basis. Equities research analysts expect that GATX Corporation will post $4.60 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, September 30th. Shareholders of record on Friday, September 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, September 14th. GATX Corporation’s dividend payout ratio is presently 28.38%.

In other GATX Corporation news, VP Jeffery R. Young sold 2,910 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $58.70, for a total value of $170,817.00. Following the sale, the vice president now directly owns 6,881 shares in the company, valued at $403,914.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.50% of the stock is owned by company insiders.

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GATX Corporation Company Profile

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.

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