GATX (NYSE:GATX – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 7.500-7.700 for the period, compared to the consensus earnings per share estimate of 7.420. The company issued revenue guidance of -. GATX also updated its FY24 guidance to $7.50-7.70 EPS.
GATX Price Performance
GATX opened at $139.05 on Friday. The company has a debt-to-equity ratio of 3.52, a current ratio of 4.97 and a quick ratio of 4.97. The stock has a market capitalization of $4.95 billion, a P/E ratio of 19.81 and a beta of 0.95. The company’s 50 day simple moving average is $135.94 and its 200-day simple moving average is $134.68. GATX has a one year low of $100.67 and a one year high of $151.33.
GATX (NYSE:GATX – Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.54. The firm had revenue of $405.40 million for the quarter, compared to analyst estimates of $391.65 million. GATX had a return on equity of 10.61% and a net margin of 15.86%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.44 EPS. Sell-side analysts anticipate that GATX will post 7.5 earnings per share for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Research Report on GATX
Insider Buying and Selling at GATX
In other GATX news, major shareholder Farm Mutual Automobile I. State bought 8,984 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was bought at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the transaction, the insider now owns 3,312,294 shares of the company’s stock, valued at approximately $442,688,093.10. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.80% of the company’s stock.
About GATX
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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