GATX Corporation (NYSE:GATX) is set to announce third quarter earning results on Tuesday 20th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GATX to report 3Q20 income of $ 0.92 per share.
For the full year, analysts anticipate top line of $ 1189.45 million, while looking forward to income of $ 3.90 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.50 ~ $ 5.80 per share
Click Here For More Historical Outlooks Of GATX Corporation
Previous Quarter Performance
GATX Corporation unwinded income for the second quarter of $ 1.11 per share, from the revenue of $ 300.50 million, On adjusted basis, GATX reported income for the quarter of $ 1.11 per share. The quarterly earnings fell 40.32 percent while revenues escalated 1.01 percent compared with the same quarter last year. According to street consensus, GATX was expected to report 2Q20 income of $ 0.94 per share from revenue of $ 331.40 million. The bottom line results beat street analysts by $ 0.17 or 18.09 percent, at the same time, top line results fell short of analysts by $ 30.9 million or 9.32 percent.
Stock Performance
Shares of GATX Corporation traded low $ -0.61 or -0.88 percent on Monday, reaching $ 68.34 with volume of 217.40 thousand shares. GATX Corporation has traded high as $ 70.46 and has cracked $ 68.22 on the downward trend
According to the previous trading day, closing price of $ 68.34, representing a 36.02 % increase from the 52 week low of $ 50.69 and a 19.83 % decrease over the 52 week high of $ 86.01.
The company has a market capital of $ 2.39 billion and is part of the Industrials sector and Rental & Leasing Services industry.
Recent Analyst recommendations
- On 18th September 2020, maintained by Sidoti at Neutral rating, with $ 73.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.48 per share on July 31, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Conference Call
GATX Corporation will be hosting a conference call at 11:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gatx.com
GATX Corporation leases, operates, manages, and remarkets assets in the rail and marine markets worldwide. The company operates through four segments: Rail North America, Rail International, Portfolio Management, and American Steamship Company (ASC). The Rail North America segment primarily leases railcars and locomotives.
