GATX (NYSE:GATX – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $7.30-7.70 for the period, compared to the consensus estimate of $7.66. GATX also updated its FY 2024 guidance to 7.300-7.700 EPS.
GATX Stock Down 6.3 %
NYSE:GATX traded down $9.14 during trading hours on Tuesday, hitting $136.21. 53,639 shares of the company traded hands, compared to its average volume of 149,615. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 3.28. The company has a market cap of $4.85 billion, a PE ratio of 19.66 and a beta of 0.96. The firm’s 50-day simple moving average is $135.78 and its 200-day simple moving average is $130.27. GATX has a one year low of $97.21 and a one year high of $151.33.
GATX (NYSE:GATX – Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.29. GATX had a net margin of 17.64% and a return on equity of 11.29%. The company had revenue of $379.90 million for the quarter, compared to analyst estimates of $375.80 million. During the same period last year, the firm earned $2.20 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. Equities analysts predict that GATX will post 7.5 earnings per share for the current year.
GATX Announces Dividend
Wall Street Analysts Forecast Growth
Separately, Susquehanna upped their target price on GATX from $120.00 to $122.00 and gave the company a neutral rating in a report on Wednesday, April 24th.
Read Our Latest Analysis on GATX
Insider Buying and Selling
In other GATX news, EVP Paul F. Titterton sold 9,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $139.37, for a total value of $1,254,330.00. Following the transaction, the executive vice president now directly owns 11,373 shares in the company, valued at $1,585,055.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other GATX news, EVP Paul F. Titterton sold 9,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $139.37, for a total value of $1,254,330.00. Following the completion of the sale, the executive vice president now directly owns 11,373 shares of the company’s stock, valued at $1,585,055.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $139.66, for a total value of $670,368.00. Following the completion of the sale, the vice president now owns 7,493 shares in the company, valued at $1,046,472.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,800 shares of company stock worth $2,056,678. Insiders own 1.80% of the company’s stock.
GATX Company Profile
GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Portfolio Management. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries.
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