Genesee & Wyoming Inc (GWR) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.77 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.71. The company posted revenue of $482.60 million in the period, compared to analysts expectations of $477.93 million. The company’s revenue was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.
Many Wall Street Analysts have commented on Genesee & Wyoming Inc. Company shares were Reiterated by Cowen on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 72 from a previous price target of $69 .Genesee & Wyoming Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Feb 23, 2016. Genesee & Wyoming Inc was Upgraded by BofA/Merrill to ” Neutral” on Feb 22, 2016.
Genesee & Wyoming Inc opened for trading at $64.43 and hit $65.19 on the upside on Wednesday, eventually ending the session at $64.72, with a gain of 0.65% or 0.42 points. The heightened volatility saw the trading volume jump to 5,61,188 shares. Company has a market cap of $3,737 M.
In a different news, on Nov 25, 2015, John C Hellmann (Chief Exec. Officer & Pres.) sold 6,848 shares at $71.78 per share price. According to the SEC, on Nov 23, 2015, Matthew O. Walsh (SVP, Corporate Development) sold 2,160 shares at $72.46 per share price. On Nov 13, 2015, Mortimer B Iii Fuller (director) sold 1,700 shares at $67.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Genesee & Wyoming Inc. owns and operates short line and regional freight railroads and provides railcar switching and other rail-related services in the United States Australia Canada the Netherlands and Belgium. The Company operates a longer-haul railroad that runs approximately 1400 miles between Tarcoola in South Australia and Darwin in the Northern Territory of Australia. As of December 31 2014 the Company operated in 41 states in the United States four Australian states one Australian territory and four Canadian provinces and provided rail service at 37 ports in North America Australia and Europe. As of December 31 2014 the Company operated over approximately 15600 miles of owned jointly owned or leased track (inclusive of the Tarcoola to Darwin rail line operated under a concession agreement) and approximately 3300 additional miles under other contractual track access arrangements.