GATX Corporation (GMT) Releases Earnings Results, Beats Expectations By $0.44 EPS

GATX Corporation (GMT) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $1.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.44. Analysts had a consensus of $1.18. The company posted revenue of $334.40 million in the period, compared to analysts expectations of $321.29 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.39 EPS.

GATX Corporation opened for trading at $48.28 and hit $49.41 on the upside on Monday, eventually ending the session at $49.04, with a gain of 0.45% or 0.22 points. The heightened volatility saw the trading volume jump to 3,10,370 shares. Company has a market cap of $2,065 M.

In a different news, on Jan 29, 2016, James M. Conniff (Sr. VP, Human Resources) sold 265 shares at $45.57 per share price. According to the SEC, on Nov 3, 2015, Brian A Kenney (Chairman, President and CEO) sold 13,040 shares at $46.86 per share price. On Nov 2, 2015, Deborah A Golden (EVP, Gen. Counsel and Secy) sold 3,313 shares at $46.79 per share price, according to the Form-4 filing with the securities and exchange commission.

GATX Corporation (GATX) is the independent global railcar lessor owning fleets in North America Europe and Asia. The Company operates through four segments: Rail North America Rail International American Steamship Company (ASC) and Portfolio Management. Rail North America comprises the Company’s wholly owned operations in the United States Canada and Mexico as well as an affiliate investment. Rail International comprises the Company’s wholly owned European operations (GATX Rail Europe) and a railcar leasing business in India (Rail India) as well as one development-stage affiliate in China. ASC operates the fleet of United States flagged vessels on the Great Lakes. Portfolio Management generates leasing marine operating asset remarketing and management fee income through a collection of diversified wholly owned assets and joint venture investments. GATX’s wholly owned fleet consists of approximately 149000 railcars.

GATX Corporation

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