Analysts Anticipate GATX Co. (GATX) Will Post Quarterly Sales of $348.27 Million

Wall Street brokerages forecast that GATX Co. (NYSE:GATX) will report $348.27 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for GATX’s earnings. The highest sales estimate is $355.10 million and the lowest is $341.70 million. GATX reported sales of $352.80 million in the same quarter last year, which indicates a negative year over year growth rate of 1.3%. The business is scheduled to report its next quarterly earnings report before the market opens on Tuesday, January 22nd.

On average, analysts expect that GATX will report full-year sales of $1.35 billion for the current year, with estimates ranging from $1.35 billion to $1.36 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.39 billion, with estimates ranging from $1.37 billion to $1.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover GATX.

GATX (NYSE:GATX) last announced its earnings results on Tuesday, October 23rd. The transportation company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.07 by $0.15. The business had revenue of $349.70 million during the quarter, compared to the consensus estimate of $357.00 million. GATX had a net margin of 37.15% and a return on equity of 10.65%. GATX’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of GATX from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Mizuho set a $90.00 target price on shares of GATX and gave the stock a “buy” rating in a report on Thursday, October 25th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $79.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in GATX by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,280,856 shares of the transportation company’s stock valued at $317,768,000 after purchasing an additional 58,854 shares during the period. Northern Trust Corp lifted its holdings in shares of GATX by 3.5% during the 2nd quarter. Northern Trust Corp now owns 1,089,826 shares of the transportation company’s stock worth $80,898,000 after acquiring an additional 36,450 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of GATX by 4.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 919,283 shares of the transportation company’s stock worth $79,601,000 after acquiring an additional 40,008 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of GATX by 4.7% during the 3rd quarter. Janus Henderson Group PLC now owns 889,854 shares of the transportation company’s stock worth $77,052,000 after acquiring an additional 40,142 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of GATX by 30.8% during the 3rd quarter. Clearbridge Investments LLC now owns 644,334 shares of the transportation company’s stock worth $55,793,000 after acquiring an additional 151,880 shares during the period.

Shares of GATX stock traded down $0.28 during midday trading on Friday, hitting $72.18. 180,700 shares of the company were exchanged, compared to its average volume of 269,388. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.94 and a beta of 1.50. The company has a debt-to-equity ratio of 2.40, a quick ratio of 3.05 and a current ratio of 3.05. GATX has a 52 week low of $61.00 and a 52 week high of $91.12.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Friday, December 14th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Thursday, December 13th. GATX’s dividend payout ratio is currently 37.45%.

About GATX

GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets in North America and internationally. The company operates through four segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management. The Rail North America segment primarily leases railcars and locomotives.

Featured Story: Terms to Better Understand Call Options

Get a free copy of the Zacks research report on GATX (GATX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for GATX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply