GATX (GATX) to Release Quarterly Earnings on Thursday

GATX (NYSE:GATXGet Free Report) is expected to be posting its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect GATX to post earnings of $1.68 per share and revenue of $409,643.33 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

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

GATX Price Performance

Shares of NYSE:GATX opened at $154.93 on Tuesday. The company’s fifty day moving average is $157.20 and its 200 day moving average is $144.66. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 3.41. GATX has a 52 week low of $115.28 and a 52 week high of $167.74. The stock has a market cap of $5.50 billion, a PE ratio of 20.71 and a beta of 0.99.

GATX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.58 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.50%. GATX’s dividend payout ratio is 31.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Susquehanna lifted their target price on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. The Goldman Sachs Group started coverage on GATX in a research note on Monday, November 18th. They set a “buy” rating and a $185.00 price target for the company. Finally, Sidoti downgraded GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research report on Wednesday, December 4th. 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.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $151.80.

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GATX Company Profile

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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.

See Also

Earnings History for GATX (NYSE:GATX)

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