GATX (GATX) to Release Earnings on Thursday

GATX (NYSE:GATX) is projected to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $1.68 per share and revenue of $409,643.33 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

GATX (NYSE:GATX) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.96 by $0.54. The firm had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. GATX’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share.

GATX Stock Performance

NYSE:GATX opened at $155.20 on Wednesday. The firm has a market capitalization of $5.51 billion, a PE ratio of 20.75 and a beta of 0.99. The business’s fifty day moving average price is $157.25 and its 200 day moving average price is $144.81. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. GATX has a 12 month low of $117.36 and a 12 month high of $167.74.

GATX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Friday, December 13th. GATX’s payout ratio is 31.02%.

Analyst Ratings Changes

Several equities analysts have issued reports on GATX shares. Sidoti lowered GATX from a “buy” rating to a “neutral” rating and set a $158.00 price objective on the stock. in a report on Wednesday, December 4th. The Goldman Sachs Group started coverage on GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 price objective on the stock. Finally, Susquehanna raised their price objective on GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $151.80.

GATX Company Profile

GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.