Zacks: Brokerages Expect Genesee & Wyoming (GWR) Will Post Quarterly Sales of $570.82 Million

Brokerages expect Genesee & Wyoming (NYSE:GWR) to report sales of $570.82 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Genesee & Wyoming’s earnings, with estimates ranging from $564.24 million to $575.21 million. Genesee & Wyoming posted sales of $519.11 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is scheduled to report its next earnings report on Tuesday, May 1st.

On average, analysts expect that Genesee & Wyoming will report full-year sales of $570.82 million for the current fiscal year, with estimates ranging from $2.38 billion to $2.41 billion. For the next financial year, analysts expect that the company will post sales of $2.53 billion per share, with estimates ranging from $2.51 billion to $2.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Genesee & Wyoming.

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Genesee & Wyoming (NYSE:GWR) last issued its quarterly earnings data on Thursday, February 8th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.02. The company had revenue of $571.60 million during the quarter, compared to the consensus estimate of $566.73 million. Genesee & Wyoming had a net margin of 24.87% and a return on equity of 5.23%. Genesee & Wyoming’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share.

GWR has been the subject of a number of recent research reports. TheStreet raised shares of Genesee & Wyoming from a “c+” rating to a “b-” rating in a research note on Tuesday, December 19th. JPMorgan Chase started coverage on shares of Genesee & Wyoming in a research note on Tuesday, January 9th. They issued an “overweight” rating for the company. Zacks Investment Research raised Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Tuesday, January 30th. Citigroup reduced their price target on Genesee & Wyoming from $97.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. Finally, Bank of America reduced their price target on Genesee & Wyoming from $89.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Genesee & Wyoming currently has a consensus rating of “Hold” and an average price target of $81.83.

NYSE:GWR traded down $1.64 during trading hours on Friday, reaching $68.43. The company’s stock had a trading volume of 535,968 shares, compared to its average volume of 505,221. The company has a market capitalization of $4,339.07, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 1.12 and a beta of 1.69. Genesee & Wyoming has a 12 month low of $61.44 and a 12 month high of $84.40. The company has a quick ratio of 1.14, a current ratio of 1.26 and a debt-to-equity ratio of 0.59.

Several hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB acquired a new position in shares of Genesee & Wyoming during the fourth quarter worth $325,000. J. Goldman & Co LP increased its position in shares of Genesee & Wyoming by 38.4% during the fourth quarter. J. Goldman & Co LP now owns 289,740 shares of the transportation company’s stock worth $22,811,000 after purchasing an additional 80,342 shares in the last quarter. DF Dent & Co. Inc. increased its position in shares of Genesee & Wyoming by 356.9% during the fourth quarter. DF Dent & Co. Inc. now owns 680,590 shares of the transportation company’s stock worth $53,583,000 after purchasing an additional 531,625 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Genesee & Wyoming during the fourth quarter worth $3,072,000. Finally, Jane Street Group LLC increased its position in shares of Genesee & Wyoming by 126.9% during the fourth quarter. Jane Street Group LLC now owns 4,256 shares of the transportation company’s stock worth $335,000 after purchasing an additional 20,099 shares in the last quarter. 96.25% of the stock is currently owned by institutional investors and hedge funds.

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About Genesee & Wyoming

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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