GATX (NYSE:GATX) Issues FY 2020 Pre-Market Earnings Guidance
GATX (NYSE:GATX) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided EPS guidance of 5.50-5.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.24. GATX also updated its FY20 guidance to $5.50-5.80 EPS.
A number of research firms have recently issued reports on GATX. ValuEngine lowered shares of GATX from a buy rating to a hold rating in a report on Tuesday, December 17th. Cowen reissued a hold rating and issued a $85.00 price objective on shares of GATX in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. GATX has an average rating of Hold and a consensus price target of $85.75.
Shares of GATX traded up $1.11 during mid-day trading on Thursday, reaching $81.86. The stock had a trading volume of 32,524 shares, compared to its average volume of 271,869. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.65 and a quick ratio of 1.65. GATX has a 52-week low of $69.50 and a 52-week high of $86.01. The business’s fifty day moving average is $81.88 and its 200 day moving average is $78.59. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.98 and a beta of 1.45.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.46 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.84 dividend on an annualized basis and a yield of 2.25%. GATX’s payout ratio is currently 35.25%.
GATX Company Profile
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.
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