Analysts Expect GATX Co. (GATX) to Announce $1.17 EPS

Equities analysts expect GATX Co. (NYSE:GATX) to post earnings of $1.17 per share for the current quarter, according to Zacks. Three analysts have made estimates for GATX’s earnings. The lowest EPS estimate is $1.15 and the highest is $1.22. GATX reported earnings of $1.44 per share during the same quarter last year, which would indicate a negative year over year growth rate of 18.8%. The firm is expected to report its next earnings report on Thursday, April 19th.

According to Zacks, analysts expect that GATX will report full-year earnings of $4.57 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.75. For the next year, analysts expect that the firm will post earnings of $4.83 per share, with EPS estimates ranging from $4.45 to $5.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover GATX.

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GATX (NYSE:GATX) last posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.04). GATX had a net margin of 36.46% and a return on equity of 12.15%. The business had revenue of $352.80 million during the quarter, compared to the consensus estimate of $347.90 million. During the same period in the prior year, the company posted $1.14 earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year.

GATX has been the subject of several research reports. Zacks Investment Research raised GATX from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Wednesday, December 27th. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price objective (up from $56.00) on shares of GATX in a research report on Monday, January 22nd. Seaport Global Securities initiated coverage on GATX in a research report on Thursday, January 4th. They issued a “neutral” rating for the company. ValuEngine raised GATX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Finally, Citigroup increased their price objective on GATX from $71.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $70.20.

GATX opened at $68.49 on Friday. GATX has a 1-year low of $56.00 and a 1-year high of $73.25. The company has a debt-to-equity ratio of 2.45, a current ratio of 3.32 and a quick ratio of 3.32. The company has a market capitalization of $2,602.62, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20.

The company also recently announced a quarterly dividend, which was paid on Saturday, March 31st. Investors of record on Monday, March 5th were given a $0.44 dividend. This is a boost from GATX’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Friday, March 2nd. GATX’s dividend payout ratio (DPR) is 37.45%.

In related news, VP Eric D. Harkness sold 2,550 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $70.48, for a total value of $179,724.00. Following the completion of the transaction, the vice president now directly owns 5,121 shares of the company’s stock, valued at $360,928.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James F. Earl sold 5,177 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $69.61, for a total value of $360,370.97. Following the completion of the transaction, the executive vice president now directly owns 104,359 shares of the company’s stock, valued at $7,264,429.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,578 shares of company stock valued at $3,452,793. 3.63% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Crossmark Global Holdings Inc. bought a new position in shares of GATX during the third quarter valued at $233,000. Rhumbline Advisers lifted its holdings in shares of GATX by 6.1% during the third quarter. Rhumbline Advisers now owns 87,064 shares of the transportation company’s stock valued at $5,360,000 after acquiring an additional 5,025 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of GATX by 125.4% during the third quarter. Russell Investments Group Ltd. now owns 25,709 shares of the transportation company’s stock valued at $1,582,000 after acquiring an additional 14,302 shares during the period. Commonwealth Equity Services Inc bought a new position in shares of GATX during the third quarter valued at $250,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of GATX by 29.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 5,500 shares of the transportation company’s stock valued at $339,000 after acquiring an additional 1,267 shares during the period.

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About GATX

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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Earnings History and Estimates for GATX (NYSE:GATX)

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