Genesee & Wyoming, Inc. (NYSE:GWR) Expected to Announce Quarterly Sales of $581.66 Million
Brokerages expect Genesee & Wyoming, Inc. (NYSE:GWR) to report sales of $581.66 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Genesee & Wyoming’s earnings, with estimates ranging from $580.30 million to $582.69 million. Genesee & Wyoming posted sales of $501.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 16.1%. The business is expected to issue its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Genesee & Wyoming will report full year sales of $581.66 million for the current year, with estimates ranging from $2.21 billion to $2.22 billion. For the next financial year, analysts expect that the company will post sales of $2.34 billion per share, with estimates ranging from $2.30 billion to $2.38 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Genesee & Wyoming.
Genesee & Wyoming (NYSE:GWR) last posted its earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.07. The company had revenue of $540.43 million during the quarter, compared to analyst estimates of $539.59 million. Genesee & Wyoming had a return on equity of 6.32% and a net margin of 6.64%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.81 EPS.
GWR has been the subject of several recent research reports. Bank of America Corporation raised Genesee & Wyoming from a “neutral” rating to a “buy” rating and increased their price target for the company from $42.21 to $76.00 in a research note on Wednesday, April 19th. Cowen and Company decreased their price target on Genesee & Wyoming from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, May 3rd. Zacks Investment Research raised Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 4th. BidaskClub raised Genesee & Wyoming from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Genesee & Wyoming in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $75.67.
Genesee & Wyoming (NYSE GWR) opened at 67.52 on Thursday. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 29.59 and a beta of 1.71. Genesee & Wyoming has a 52-week low of $61.44 and a 52-week high of $80.73. The stock’s 50 day moving average price is $67.27 and its 200 day moving average price is $68.49.
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In related news, General Counsel Allison M. Fergus sold 2,688 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $65.81, for a total transaction of $176,897.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher F. Liucci sold 1,677 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $64.48, for a total value of $108,132.96. Following the sale, the insider now directly owns 23,258 shares of the company’s stock, valued at approximately $1,499,675.84. The disclosure for this sale can be found here. Insiders have sold 8,407 shares of company stock valued at $554,349 in the last ninety days. 3.80% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Genesee & Wyoming by 21.1% in the first quarter. FMR LLC now owns 6,673,222 shares of the transportation company’s stock valued at $452,845,000 after buying an additional 1,160,510 shares in the last quarter. BlackRock Inc. boosted its stake in Genesee & Wyoming by 8,807.0% in the first quarter. BlackRock Inc. now owns 5,029,165 shares of the transportation company’s stock valued at $341,280,000 after buying an additional 4,972,702 shares in the last quarter. Vanguard Group Inc. boosted its stake in Genesee & Wyoming by 4.5% in the first quarter. Vanguard Group Inc. now owns 4,794,375 shares of the transportation company’s stock valued at $325,346,000 after buying an additional 207,798 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in Genesee & Wyoming by 14.7% in the second quarter. TimesSquare Capital Management LLC now owns 1,935,100 shares of the transportation company’s stock valued at $132,341,000 after buying an additional 247,900 shares in the last quarter. Finally, State Street Corp boosted its stake in Genesee & Wyoming by 2.7% in the first quarter. State Street Corp now owns 1,632,400 shares of the transportation company’s stock valued at $110,771,000 after buying an additional 42,256 shares in the last quarter. 95.89% of the stock is owned by institutional investors and hedge funds.
About Genesee & Wyoming
Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.
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