Wall Street analysts expect that GATX Corporation (NYSE:GATX) will announce $349.55 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for GATX Corporation’s earnings. The highest sales estimate is $353.30 million and the lowest is $345.80 million. GATX Corporation reported sales of $362.90 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.7%. The firm is scheduled to report its next quarterly earnings report on Thursday, October 19th.

On average, analysts expect that GATX Corporation will report full-year sales of $349.55 million for the current fiscal year, with estimates ranging from $1.35 billion to $1.36 billion. For the next financial year, analysts forecast that the business will post sales of $1.33 billion per share, with estimates ranging from $1.31 billion to $1.35 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow GATX Corporation.

GATX Corporation (NYSE:GATX) last released its earnings results on Thursday, July 20th. The transportation company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.11 by $0.21. GATX Corporation had a return on equity of 17.83% and a net margin of 17.09%. The business had revenue of $348.40 million during the quarter, compared to analysts’ expectations of $352.64 million. During the same quarter last year, the firm posted $1.49 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis.

A number of brokerages recently issued reports on GATX. Axiom Securities restated a “sell” rating on shares of GATX Corporation in a report on Wednesday, July 26th. Cowen and Company restated a “market perform” rating and set a $63.00 price target (up previously from $62.00) on shares of GATX Corporation in a report on Sunday, April 23rd. Zacks Investment Research upgraded GATX Corporation from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Friday, April 21st. Citigroup Inc reduced their price target on GATX Corporation from $73.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Finally, ValuEngine upgraded GATX Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $56.14.

Shares of GATX Corporation (NYSE:GATX) opened at 61.84 on Friday. The firm has a market cap of $2.39 billion, a PE ratio of 10.42 and a beta of 1.19. The company’s 50-day moving average price is $62.72 and its 200 day moving average price is $60.64. GATX Corporation has a 1-year low of $40.66 and a 1-year high of $66.30.

The company also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.72%. GATX Corporation’s dividend payout ratio (DPR) is 28.38%.

In other GATX Corporation news, SVP Paul F. Titterton sold 2,843 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $61.68, for a total transaction of $175,356.24. Following the transaction, the senior vice president now owns 12,261 shares in the company, valued at approximately $756,258.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deborah A. Golden sold 2,429 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $65.42, for a total value of $158,905.18. Following the transaction, the executive vice president now owns 39,783 shares in the company, valued at approximately $2,602,603.86. The disclosure for this sale can be found here. Insiders have sold a total of 9,517 shares of company stock worth $601,618 in the last quarter. Company insiders own 3.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bridgewater Associates LP purchased a new position in GATX Corporation during the second quarter worth $246,000. Riverhead Capital Management LLC increased its position in GATX Corporation by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the transportation company’s stock worth $150,000 after buying an additional 831 shares during the period. Capital Fund Management S.A. purchased a new position in GATX Corporation during the second quarter worth $993,000. Sheaff Brock Investment Advisors LLC increased its position in GATX Corporation by 5.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 13,771 shares of the transportation company’s stock worth $885,000 after buying an additional 652 shares during the period. Finally, LSV Asset Management increased its position in GATX Corporation by 48.5% in the second quarter. LSV Asset Management now owns 398,136 shares of the transportation company’s stock worth $25,588,000 after buying an additional 130,034 shares during the period.

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GATX Corporation Company Profile

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and Asia. In addition, the Company operates fleet of the United States-flagged vessels on the Great Lakes and jointly with Rolls-Royce plc, it owns aircraft spare engine lease portfolios in the world. It operates through four business segments: Rail North America, Rail International, American Steamship Company (ASC), and Portfolio Management.

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