GATX (NYSE:GATX – Get Free Report) announced its quarterly earnings results on Tuesday. The transportation company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.54, Yahoo Finance reports. The firm had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. GATX had a net margin of 15.86% and a return on equity of 10.61%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS. GATX updated its FY24 guidance to $7.50-7.70 EPS and its FY 2024 guidance to 7.500-7.700 EPS.
GATX Price Performance
Shares of NYSE:GATX traded up $0.59 on Thursday, hitting $139.05. The stock had a trading volume of 148,153 shares, compared to its average volume of 151,186. GATX has a twelve month low of $100.67 and a twelve month high of $151.33. The company has a debt-to-equity ratio of 3.52, a quick ratio of 4.97 and a current ratio of 4.97. The firm’s 50 day moving average price is $135.92 and its 200-day moving average price is $134.65. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 19.73 and a beta of 0.95.
GATX Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.32 annualized dividend and a dividend yield of 1.67%. GATX’s dividend payout ratio is presently 33.05%.
Insider Activity
Wall Street Analysts Forecast Growth
Separately, Susquehanna boosted their price target on shares of GATX from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Monday.
View Our Latest Report on GATX
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.
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