GATX (GATX) Earning Somewhat Positive Media Coverage, Report Finds
Media coverage about GATX (NYSE:GATX) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. GATX earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 45.8157443495274 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Why the Earnings Streak Will Continue for GATX Corporation (GATX) (finance.yahoo.com)
- Seaport Global Securities Comments on GATX Co.’s FY2017 Earnings (GATX) (americanbankingnews.com)
- GATX Corporation Sets Date for 2017 Fourth Quarter Earnings Release and Conference Call (feeds.benzinga.com)
- Brokerages Expect GATX Co. (GATX) Will Post Earnings of $0.71 Per Share (americanbankingnews.com)
- GATX (GATX) Research Coverage Started at Seaport Global Securities (americanbankingnews.com)
GATX (NYSE:GATX) opened at $63.60 on Tuesday. GATX has a 52 week low of $55.44 and a 52 week high of $66.30. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 2.92. The stock has a market capitalization of $2,417.50, a P/E ratio of 13.22, a PEG ratio of 0.98 and a beta of 1.21.
GATX (NYSE:GATX) last released its earnings results on Thursday, October 19th. The transportation company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.26. The business had revenue of $259.60 million during the quarter, compared to the consensus estimate of $350.04 million. GATX had a net margin of 13.76% and a return on equity of 14.51%. The company’s revenue for the quarter was down 28.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 EPS. analysts expect that GATX will post 4.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Sunday, December 31st. Shareholders of record on Friday, December 15th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Thursday, December 14th. GATX’s dividend payout ratio is presently 34.93%.
GATX has been the subject of several recent research reports. Zacks Investment Research raised GATX from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Friday, September 15th. ValuEngine downgraded GATX from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. BidaskClub raised GATX from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $56.00 price objective on shares of GATX in a research note on Tuesday, October 17th. Finally, Seaport Global Securities initiated coverage on GATX in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. GATX currently has a consensus rating of “Hold” and an average price target of $57.83.
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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