Wall Street brokerages predict that GATX Co. (NYSE:GATX) will announce earnings of $0.73 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for GATX’s earnings, with estimates ranging from $0.69 to $0.78. GATX posted earnings of $0.68 per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, January 17th.

On average, analysts expect that GATX will report full-year earnings of $5.10 per share for the current financial year, with EPS estimates ranging from $5.05 to $5.14. For the next financial year, analysts anticipate that the business will post earnings of $5.07 per share, with EPS estimates ranging from $4.85 to $5.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover GATX.

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

A number of research firms have recently weighed in on GATX. Mizuho reissued a “buy” rating on shares of GATX in a research report on Friday, August 31st. Zacks Investment Research downgraded shares of GATX from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, Buckingham Research increased their target price on shares of GATX from $67.00 to $74.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $79.50.

In related news, EVP Deborah A. Golden sold 2,869 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $81.73, for a total transaction of $234,483.37. Following the sale, the executive vice president now directly owns 43,610 shares in the company, valued at approximately $3,564,245.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas A. Ellman sold 2,882 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $86.04, for a total transaction of $247,967.28. Following the sale, the chief financial officer now owns 38,136 shares in the company, valued at $3,281,221.44. The disclosure for this sale can be found here. Insiders have sold a total of 10,711 shares of company stock worth $911,937 over the last 90 days. 3.63% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Synovus Financial Corp lifted its stake in GATX by 7.2% in the 2nd quarter. Synovus Financial Corp now owns 10,104 shares of the transportation company’s stock worth $748,000 after purchasing an additional 676 shares in the last quarter. Aperio Group LLC lifted its stake in GATX by 1.5% in the 2nd quarter. Aperio Group LLC now owns 54,092 shares of the transportation company’s stock worth $4,015,000 after purchasing an additional 776 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in GATX by 23.3% in the 3rd quarter. Riverhead Capital Management LLC now owns 4,239 shares of the transportation company’s stock worth $367,000 after purchasing an additional 800 shares in the last quarter. SG Americas Securities LLC lifted its stake in GATX by 7.2% in the 2nd quarter. SG Americas Securities LLC now owns 14,644 shares of the transportation company’s stock worth $1,087,000 after purchasing an additional 988 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in GATX by 3.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 32,230 shares of the transportation company’s stock worth $2,392,000 after purchasing an additional 1,008 shares in the last quarter.

GATX stock opened at $78.61 on Friday. GATX has a twelve month low of $57.66 and a twelve month high of $91.12. The company has a market cap of $3.03 billion, a PE ratio of 15.96, a P/E/G ratio of 1.05 and a beta of 1.43. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 2.40.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Thursday, December 13th. GATX’s 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.

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Earnings History and Estimates for GATX (NYSE:GATX)

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