GATX Corporation (NYSE:GATX) to Issue $0.61 Quarterly Dividend
GATX Corporation (NYSE:GATX) announced a quarterly dividend of $0.61 per share, payable on December 31st to stockholders of record on December 15th. This marks a 1.6% dividend yield and continues GATX's 15-year streak of annual dividend increases. The company reported Q3 earnings of $2.10 per share, missing estimates, but revenue rose 8.4% year-over-year. Analysts maintain a "Moderate Buy" rating with a consensus target price of $184.00. GATX operates as a railcar leasing company across multiple regions.
GATX Corporation (NYSE:GATX - Get Free Report) announced a quarterly dividend on Friday, October 31st. Stockholders of record on Monday, December 15th will be paid a dividend of 0.61 per share by the transportation company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th.
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GATX has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. GATX has a dividend payout ratio of 25.4% indicating that its dividend is sufficiently covered by earnings.
GATX Price Performance
Shares of NYSE:GATX traded down $1.51 on Friday, hitting $156.88. The company had a trading volume of 179,297 shares, compared to its average volume of 177,671. The company has a current ratio of 3.81, a quick ratio of 2.93 and a debt-to-equity ratio of 3.26. GATX has a 52-week low of $137.05 and a 52-week high of $178.26. The business has a 50 day moving average of $169.46 and a 200 day moving average of $158.38. The company has a market cap of $5.58 billion, a PE ratio of 18.33 and a beta of 1.18.
GATX (NYSE:GATX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The transportation company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by ($0.22). GATX had a net margin of 18.35% and a return on equity of 11.62%. The company had revenue of $439.30 million during the quarter, compared to analysts' expectations of $435.21 million. During the same quarter in the prior year, the company earned $2.43 earnings per share. The firm's revenue was up 8.4% compared to the same quarter last year. GATX has set its FY 2025 guidance at 8.500-8.900 EPS. As a group, equities analysts anticipate that GATX will post 8.5 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently commented on GATX shares. Susquehanna upped their target price on GATX from $190.00 to $192.00 and gave the company a "positive" rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of GATX in a research note on Wednesday, October 8th. Finally, Citigroup began coverage on GATX in a research note on Monday, September 22nd. They issued a "buy" rating and a $201.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, GATX presently has an average rating of "Moderate Buy" and a consensus target price of $184.00.
View Our Latest Analysis on GATX
GATX Company Profile
(Get Free Report)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.
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