Genesee & Wyoming (GWR) Expected to Announce Quarterly Sales of $588.30 Million

Brokerages expect Genesee & Wyoming (NYSE:GWR) to announce sales of $588.30 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Genesee & Wyoming’s earnings, with the lowest sales estimate coming in at $578.88 million and the highest estimate coming in at $596.00 million. Genesee & Wyoming posted sales of $540.43 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.9%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 7th.

According to Zacks, analysts expect that Genesee & Wyoming will report full-year sales of $2.39 billion for the current financial year, with estimates ranging from $2.38 billion to $2.40 billion. For the next fiscal year, analysts expect that the business will report sales of $2.52 billion per share, with estimates ranging from $2.48 billion to $2.55 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Genesee & Wyoming.

Genesee & Wyoming (NYSE:GWR) last issued its earnings results on Tuesday, May 1st. The transportation company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.03). Genesee & Wyoming had a return on equity of 5.29% and a net margin of 26.41%. The company had revenue of $547.70 million during the quarter, compared to analyst estimates of $572.60 million. During the same period last year, the business earned $0.53 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year.

GWR has been the subject of a number of recent research reports. Zacks Investment Research raised Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Tuesday, January 30th. Citigroup cut their target price on Genesee & Wyoming from $97.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Bank of America cut their target price on Genesee & Wyoming from $89.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Credit Suisse Group cut their target price on Genesee & Wyoming from $94.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, February 12th. Finally, Goldman Sachs initiated coverage on Genesee & Wyoming in a research note on Tuesday, April 10th. They issued a “neutral” rating and a $76.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $80.25.

Shares of GWR opened at $77.44 on Monday. Genesee & Wyoming has a 52-week low of $63.11 and a 52-week high of $84.40. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 1.25 and a beta of 1.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.42 and a quick ratio of 1.30.

In related news, insider Christopher F. Liucci sold 1,000 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $74.72, for a total transaction of $74,720.00. Following the completion of the sale, the insider now directly owns 21,189 shares of the company’s stock, valued at approximately $1,583,242.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.41% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Genesee & Wyoming by 2.5% during the 1st quarter. BlackRock Inc. now owns 5,078,149 shares of the transportation company’s stock worth $359,482,000 after purchasing an additional 124,683 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Genesee & Wyoming by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 1,248,779 shares of the transportation company’s stock worth $98,316,000 after purchasing an additional 19,171 shares during the last quarter. Cardinal Capital Management LLC CT increased its position in shares of Genesee & Wyoming by 6.2% during the 1st quarter. Cardinal Capital Management LLC CT now owns 1,247,940 shares of the transportation company’s stock worth $88,341,000 after purchasing an additional 73,141 shares during the last quarter. Rare Infrastructure Ltd increased its position in shares of Genesee & Wyoming by 23.0% during the 4th quarter. Rare Infrastructure Ltd now owns 964,438 shares of the transportation company’s stock worth $75,931,000 after purchasing an additional 180,260 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Genesee & Wyoming by 26.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 939,578 shares of the transportation company’s stock worth $66,513,000 after purchasing an additional 198,203 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

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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