Brokerages forecast that GATX Co. (NYSE:GATX) will report earnings of $1.05 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for GATX’s earnings. The highest EPS estimate is $1.07 and the lowest is $1.04. GATX posted earnings per share of $1.25 in the same quarter last year, which suggests a negative year over year growth rate of 16%. The business is expected to announce its next earnings results on Thursday, October 18th.

According to Zacks, analysts expect that GATX will report full year earnings of $5.08 per share for the current financial year, with EPS estimates ranging from $5.00 to $5.20. For the next year, analysts anticipate that the firm will post earnings of $5.12 per share, with EPS estimates ranging from $4.95 to $5.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow GATX.

GATX (NYSE:GATX) last issued its quarterly earnings data on Thursday, July 19th. The transportation company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.24. The firm had revenue of $349.50 million during the quarter, compared to analysts’ expectations of $340.50 million. GATX had a net margin of 37.03% and a return on equity of 11.34%. GATX’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share.

A number of research firms have issued reports on GATX. Mizuho began coverage on shares of GATX in a report on Thursday, June 28th. They set a “buy” rating and a $88.00 price target for the company. ValuEngine upgraded shares of GATX from a “hold” rating to a “buy” rating in a report on Friday, June 29th. Zacks Investment Research upgraded shares of GATX from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Monday, April 23rd. Stifel Nicolaus set a $78.00 price target on shares of GATX and gave the company a “hold” rating in a report on Thursday, July 19th. Finally, Buckingham Research upped their price target on shares of GATX from $67.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $78.50.

In other news, VP William M. Muckian sold 3,930 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $84.94, for a total transaction of $333,814.20. Following the completion of the transaction, the vice president now owns 14,560 shares of the company’s stock, valued at $1,236,726.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deborah A. Golden sold 2,097 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $81.89, for a total transaction of $171,723.33. Following the transaction, the executive vice president now directly owns 44,410 shares of the company’s stock, valued at approximately $3,636,734.90. The disclosure for this sale can be found here. 3.63% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of GATX during the second quarter valued at about $148,000. Mount Yale Investment Advisors LLC acquired a new position in shares of GATX during the first quarter valued at about $191,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of GATX by 42.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,824 shares of the transportation company’s stock valued at $193,000 after buying an additional 841 shares during the last quarter. Commerce Bank acquired a new position in GATX in the first quarter worth about $200,000. Finally, Zeke Capital Advisors LLC acquired a new position in GATX in the first quarter worth about $202,000.

GATX stock traded up $0.18 during mid-day trading on Wednesday, reaching $83.19. 738 shares of the stock traded hands, compared to its average volume of 306,909. The company has a debt-to-equity ratio of 2.43, a current ratio of 2.77 and a quick ratio of 2.77. GATX has a 52 week low of $56.00 and a 52 week high of $91.12. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 30th. Stockholders of record on Friday, September 14th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 13th. GATX’s dividend payout ratio is currently 37.45%.

GATX Company Profile

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.

Read More: Marijuana Stocks

Get a free copy of the Zacks research report on GATX (GATX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for GATX (NYSE:GATX)

Receive News & Ratings for GATX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GATX and related companies with MarketBeat.com's FREE daily email newsletter.