GATX (GATX) Set to Announce Earnings on Tuesday

GATX (NYSE:GATX) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 22nd. GATX has set its FY24 guidance at $7.30-7.70 EPS and its FY 2024 guidance at 7.300-7.700 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

GATX (NYSE:GATX) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The firm had revenue of $386.70 million during the quarter, compared to the consensus estimate of $385.45 million. GATX had a net margin of 15.86% and a return on equity of 10.61%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 earnings per share.

GATX Stock Down 0.6 %

Shares of GATX stock opened at $133.64 on Monday. 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 is $135.92 and its 200-day moving average is $134.58. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 19.04 and a beta of 0.95. GATX has a 52-week low of $97.21 and a 52-week high of $151.33.

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 issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.74%. GATX’s payout ratio is 33.05%.

Insider Activity at GATX

In related news, major shareholder Farm Mutual Automobile I. State purchased 8,984 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average price of $133.65 per share, for a total transaction of $1,200,711.60. Following the purchase, the insider now owns 3,312,294 shares in the company, valued at approximately $442,688,093.10. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

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.