GATX (GATX) Posts Earnings Results, Misses Expectations By $0.04 EPS

GATX (NYSE:GATX) issued its quarterly earnings results on Thursday. The transportation company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.04), Bloomberg Earnings reports. GATX had a return on equity of 12.15% and a net margin of 36.46%. The company 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 firm earned $1.14 earnings per share. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. GATX updated its FY17 guidance to $4.55-4.75 EPS and its FY18 guidance to $4.35-4.55 EPS.

GATX (NYSE GATX) opened at $68.26 on Friday. The stock has a market capitalization of $2,517.08, a P/E ratio of 14.01, a P/E/G ratio of 0.92 and a beta of 1.21. GATX has a 12-month low of $55.82 and a 12-month high of $68.33. The company has a debt-to-equity ratio of 2.45, a current ratio of 3.32 and a quick ratio of 3.13.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 31st. Investors of record on Friday, December 15th were given a $0.42 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.68 annualized dividend and a yield of 2.46%. GATX’s dividend payout ratio (DPR) is presently 13.05%.

GATX has been the topic of a number of analyst reports. BidaskClub raised GATX from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research raised GATX from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Wednesday, December 27th. ValuEngine cut GATX from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. Stifel Nicolaus reissued a “hold” rating and issued a $56.00 price target on shares of GATX in a research report on Tuesday, October 17th. Finally, Cowen reissued a “market perform” rating and issued a $69.00 price target (up from $61.00) on shares of GATX in a research report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $58.83.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in GATX by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,928,720 shares of the transportation company’s stock valued at $316,768,000 after acquiring an additional 22,954 shares in the last quarter. State Street Corp lifted its position in GATX by 4.5% in the 2nd quarter. State Street Corp now owns 1,392,167 shares of the transportation company’s stock valued at $89,470,000 after acquiring an additional 59,729 shares in the last quarter. Northern Trust Corp lifted its position in GATX by 4.3% in the 2nd quarter. Northern Trust Corp now owns 1,085,985 shares of the transportation company’s stock valued at $69,796,000 after acquiring an additional 45,088 shares in the last quarter. Wells Fargo & Company MN lifted its position in GATX by 0.7% in the 3rd quarter. Wells Fargo & Company MN now owns 583,264 shares of the transportation company’s stock valued at $35,905,000 after acquiring an additional 3,844 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in GATX by 5.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 335,637 shares of the transportation company’s stock valued at $20,864,000 after acquiring an additional 16,924 shares in the last quarter.

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GATX Company Profile

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.

Earnings History for GATX (NYSE:GATX)

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