GATX Corporation (NYSE:GATX) is set to announce second quarter earning results on Tuesday 21st July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, GATX to report 2Q20 income of $ 0.94 per share.
For the full year, analysts anticipate top line of $ 1262.53 million, while looking forward to income of $ 4.09 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 recorded income for the first quarter of $ 1.31 per share, from the revenue of $ 308.90 million. The quarterly earnings grew 16.96 percent while revenues decreased 2.56 percent compared with the same quarter last year.
Wall street analysts are predicting, GATX to report 1Q20 income of $ 1.22 per share from revenue of $ 310.30 million. The bottom line results beat street analysts by $ 0.09 or 7.38 percent, at the same time, top line results fell short of analysts by $ 1.4 million or 0.45 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GATX was $ 62.49, representing a 23.28 % increase from the 52 week low of $ 50.69 and a 27.35 % decrease over the 52 week high of $ 86.01.
The company has a market capital of $ 2.18 billion and is part of the Industrials sector and Rental & Leasing Services industry.
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Recent Analyst recommendations
On 16th June 2020, upgraded by Stephens to Overweight from Equal-Weight rating, with $ 78.00 target price.
Recent Stock Dividend Announcement
On April 24, 2020, the board of directors authorized quarterly dividend of $ 0.48 per share to holders of record as of the close of business on June 15, 2020, with payment date of June 30, 2020 and ex-dividend date on June 12, 2020.
Conference Call
GATX Corporation will be hosting a conference call at 11:00 AM eastern time on 21st July 2020, to discuss its 2Q20 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.
