GATX (NYSE:GATX) Posts Earnings Results, Misses Expectations By $0.39 EPS

GATX (NYSE:GATX) announced its quarterly earnings data on Tuesday. The transportation company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39), Briefing.com reports. The firm had revenue of $386.70 million during the quarter, compared to analysts’ expectations of $385.45 million. GATX had a return on equity of 10.61% and a net margin of 15.86%. GATX’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.73 earnings per share. GATX updated its FY24 guidance to $7.30-7.70 EPS and its FY 2024 guidance to 7.300-7.700 EPS.

GATX Price Performance

Shares of GATX traded up $2.79 during mid-day trading on Friday, reaching $138.75. The stock had a trading volume of 46,137 shares, compared to its average volume of 153,951. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 19.75 and a beta of 0.96. GATX has a 12 month low of $97.21 and a 12 month high of $151.33. The business has a fifty day moving average of $135.71 and a 200 day moving average of $130.45. The company has a debt-to-equity ratio of 3.52, a quick ratio of 3.39 and a current ratio of 4.97.

Insider Transactions at GATX

In other news, VP Robert Zmudka sold 4,800 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $139.66, for a total value of $670,368.00. Following the transaction, the vice president now owns 7,493 shares of the company’s stock, valued at $1,046,472.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Anne L. Arvia sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $131.98, for a total value of $131,980.00. Following the transaction, the director now directly owns 32,477 shares in the company, valued at $4,286,314.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert Zmudka sold 4,800 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $139.66, for a total transaction of $670,368.00. Following the transaction, the vice president now owns 7,493 shares in the company, valued at $1,046,472.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,800 shares of company stock valued at $2,056,678. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Susquehanna raised their target price on GATX from $120.00 to $122.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th.

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.