GATX Corp. (NYSE:GMT) announced a quarterly dividend on Friday, July 19th, AnalystRatings.Net reports. Shareholders of record on Friday, September 13th will be paid a dividend of $0.31 per share on Monday, September 30th. This represents a $1.24 annualized dividend and a dividend yield of 2.73%.
GMT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of GATX Corp. in a research note to investors on Thursday, July 4th. They now have a $48.00 price target on the stock. On a related note, analysts at Stephens initiated coverage on shares of GATX Corp. in a research note to investors on Wednesday, July 3rd. They set an “equal weight” rating on the stock. Finally, analysts at Stephens initiated coverage on shares of GATX Corp. in a research note to investors on Wednesday, July 3rd. They set an “equal weight” rating and a $22.00 price target on the stock.
Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. GATX Corp. has a consensus rating of “Hold” and an average target price of $51.67.
GATX Corp. (NYSE: GMT) traded down 0.79% on Friday, hitting $45.10. GATX Corp. has a 52-week low of $39.71 and a 52-week high of $54.19. The stock’s 50-day moving average is currently $47.51. The company has a market cap of $2.109 billion and a price-to-earnings ratio of 16.18.
GATX Corp. (NYSE:GMT) last released its earnings data on Thursday, July 18th. The company reported $0.68 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.85 by $0.17. The company had revenue of $338.90 million for the quarter, compared to the consensus estimate of $342.76 million. During the same quarter last year, the company posted $0.49 earnings per share. GATX Corp.’s revenue was up 4.9% compared to the same quarter last year. GATX Corp. has set its FY13 guidance at $3.20-3.30 EPS. On average, analysts predict that GATX Corp. will post $3.19 earnings per share for the current fiscal year.
GATX Corporation (NYSE: GMT) leases, operates, manages and remarkets long-lived, widely-used assets, primarily in the rail and marine markets.