GATX Co. (GMT) Issues FY13 Earnings Guidance
GMT has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of GATX in a research note to investors on Friday, January 11th. They set a buy rating and a $52.00 price target on the stock. Analysts at Zacks downgraded shares of GATX from an outperform rating to a neutral rating in a research note to investors on Wednesday, November 7th. They now have a $44.00 price target on the stock.
Shares of GATX Co. (GMT) opened at 46.97 on Thursday. GATX Co. (GMT) has a one year low of $35.52 and a one year high of $47.38. The stock’s 50-day moving average is currently $44.17. The company has a market cap of $2.203 billion and a P/E ratio of 16.04.
GATX last announced its earnings results on Thursday, January 24th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.02. The company had revenue of $331.70 million for the quarter, compared to the consensus estimate of $345.40 million. During the same quarter last year, the company posted $0.62 earnings per share. GATX’s revenue was up .5% compared to the same quarter last year. GATX has set its FY13 guidance at $3.10-3.20 EPS. On average, analysts predict that GATX Co. (GMT) will post $2.78 earnings per share for the current fiscal year.
GATX Corporation (GATX) leases, operates and manages long-lived, used assets in the rail, marine and industrial equipment markets.
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