Earnings results for GATX (NYSE:GATX)
GATX Corporation is expected* to report earnings on 01/26/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.86. The reported EPS for the same quarter last year was $1.3599999999999999.
GATX last released its earnings results on October 20th, 2020. The transportation company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.17. The firm earned $304.40 million during the quarter. GATX has generated $5.51 earnings per share over the last year and currently has a price-to-earnings ratio of 16.7. GATX has confirmed that its next quarterly earnings report will be published on Tuesday, January 26th, 2021.
Analyst Opinion on GATX (NYSE:GATX)
4 Wall Street analysts have issued ratings and price targets for GATX in the last 12 months. Their average twelve-month price target is $72.75, predicting that the stock has a possible downside of 18.55%. The high price target for GATX is $78.00 and the low price target for GATX is $65.00. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”
GATX has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $72.75, GATX has a forecasted downside of 18.6% from its current price of $89.32. GATX has received no research coverage in the past 90 days.
Dividend Strength: GATX (NYSE:GATX)
GATX pays a meaningful dividend of 2.18%, higher than the bottom 25% of all stocks that pay dividends. GATX does not have a long track record of dividend growth. The dividend payout ratio of GATX is 34.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GATX will have a dividend payout ratio of 51.20% next year. This indicates that GATX will be able to sustain or increase its dividend.
Insiders buying/selling: GATX (NYSE:GATX)
In the past three months, GATX insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,129,914.00 in company stock. Only 4.00% of the stock of GATX is held by insiders.
Earnings and Valuation of GATX (NYSE:GATX
Earnings for GATX are expected to decrease by -16.48% in the coming year, from $4.49 to $3.75 per share. The P/E ratio of GATX is 16.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.46. The P/E ratio of GATX is 16.66, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 23.15. GATX has a P/B Ratio of 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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