Zacks: Analysts Expect Genesee & Wyoming Inc (NYSE:GWR) Will Announce Quarterly Sales of $616.57 Million

Wall Street analysts predict that Genesee & Wyoming Inc (NYSE:GWR) will post $616.57 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Genesee & Wyoming’s earnings, with estimates ranging from $616.00 million to $617.13 million. Genesee & Wyoming reported sales of $603.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The business is scheduled to report its next earnings results on Tuesday, October 29th.

On average, analysts expect that Genesee & Wyoming will report full year sales of $2.36 billion for the current financial year, with estimates ranging from $2.34 billion to $2.38 billion. For the next fiscal year, analysts expect that the business will post sales of $2.48 billion, with estimates ranging from $2.46 billion to $2.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Genesee & Wyoming.

Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings results on Wednesday, August 7th. The transportation company reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.04). The firm had revenue of $571.48 million for the quarter, compared to the consensus estimate of $594.19 million. Genesee & Wyoming had a net margin of 9.33% and a return on equity of 6.41%.

A number of equities analysts have recently issued reports on the stock. Stephens set a $112.00 price objective on shares of Genesee & Wyoming and gave the stock a “hold” rating in a research report on Monday, July 1st. Cowen reissued an “outperform” rating and set a $112.00 price objective (up previously from $96.00) on shares of Genesee & Wyoming in a research report on Tuesday, July 2nd. ValuEngine raised shares of Genesee & Wyoming from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Stifel Nicolaus cut shares of Genesee & Wyoming from a “buy” rating to a “hold” rating and set a $112.00 price objective on the stock. in a research report on Monday, July 1st. Finally, Credit Suisse Group raised shares of Genesee & Wyoming from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $75.00 to $112.00 in a research report on Monday, July 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Genesee & Wyoming has a consensus rating of “Hold” and a consensus target price of $102.81.

Shares of GWR stock traded up $0.16 on Monday, reaching $110.62. 12,049 shares of the company were exchanged, compared to its average volume of 1,138,579. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 28.71 and a beta of 1.33. The company has a 50-day moving average of $109.66 and a 200-day moving average of $93.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.09 and a quick ratio of 0.99. Genesee & Wyoming has a one year low of $68.27 and a one year high of $110.72.

In other news, insider John C. Hellmann sold 23,469 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $110.00, for a total transaction of $2,581,590.00. Following the transaction, the insider now owns 445,316 shares of the company’s stock, valued at approximately $48,984,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.72% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC lifted its position in Genesee & Wyoming by 482.0% in the 2nd quarter. Advisory Services Network LLC now owns 291 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 241 shares in the last quarter. Parallel Advisors LLC lifted its position in Genesee & Wyoming by 196.2% in the 2nd quarter. Parallel Advisors LLC now owns 391 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 259 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Genesee & Wyoming in the 2nd quarter valued at about $54,000. Steward Partners Investment Advisory LLC purchased a new stake in Genesee & Wyoming in the 2nd quarter valued at about $56,000. Finally, SRS Capital Advisors Inc. purchased a new stake in Genesee & Wyoming in the 2nd quarter valued at about $68,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.

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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