GATX (GATX) Projected to Post Earnings on Thursday

GATX (NYSE:GATX) is expected to issue its quarterly earnings data 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. GATX has set its FY24 guidance at $7.50-7.70 EPS and its FY 2024 guidance at 7.500-7.700 EPS.

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

GATX Trading Up 0.1 %

Shares of NYSE GATX opened at $153.93 on Thursday. GATX has a 1-year low of $114.78 and a 1-year high of $167.74. The company has a debt-to-equity ratio of 3.41, a current ratio of 3.41 and a quick ratio of 3.41. The business’s 50 day moving average is $157.13 and its two-hundred day moving average is $144.10. The stock has a market capitalization of $5.46 billion, a P/E ratio of 20.58 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 dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, December 13th. GATX’s dividend payout ratio is currently 31.02%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Susquehanna lifted their price objective on shares of GATX from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Sidoti cut shares of GATX from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group began coverage on shares of GATX in a report on Monday, November 18th. They set a “buy” rating and a $185.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.