GATX (GATX) Projected to Post Earnings on Thursday

GATX (NYSE:GATX - Get Free Report) is expected to be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect GATX to post earnings of $1.68 per share and revenue of $409,643.33 billion for the quarter. GATX has set its FY24 guidance at $7.50-7.70 EPS and its FY 2024 guidance at 7.500-7.700 EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

GATX (NYSE:GATX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.96 by $0.54. The company had revenue of $405.40 million for the quarter, compared to the consensus estimate of $391.65 million. GATX had a return on equity of 11.98% and a net margin of 17.76%. GATX's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.44 EPS.

GATX Trading Up 0.1 %

Shares of GATX traded up $0.23 during trading hours on Thursday, reaching $154.18. 113,697 shares of the company traded hands, compared to its average volume of 144,265. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 20.61 and a beta of 0.99. GATX has a 12-month low of $114.78 and a 12-month high of $167.74. The stock's fifty day moving average price is $157.15 and its 200 day moving average price is $144.17. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 3.41.

GATX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.50%. GATX's dividend payout ratio is presently 31.02%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GATX shares. Sidoti lowered GATX from a "buy" rating to a "neutral" rating and set a $158.00 target price on the stock. in a research report on Wednesday, December 4th. Susquehanna lifted their price objective on shares of GATX from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group initiated coverage on GATX in a research report on Monday, November 18th. They set a "buy" rating and a $185.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $151.80.

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.