An Eye on Earnings Report: GATX Corporation (NYSE: GATX)

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CHICAGO, January 20, 2020 – Shares of GATX Corporation (NYSE: GATX) lost -0.28% to $79.57. The stock grabbed the investor’s attention and traded 18.307K shares as compared to its average daily volume of 233.19K shares.

GATX Corporation (NYSE: GATX) reported 2019 third quarter net income of $45.10M or $1.25 per diluted share, compared to net income of $47.00M or $1.22 per diluted share in the third quarter of 2018. Year-to-date 2019 net income was $154.60M or $4.22 per diluted share, compared to $162.10M or $4.21 per diluted share in the prior year period.

2019 year-to-date results include a net deferred tax benefit of $2.80M or $0.07 per diluted share related to an enacted foreign tax rate reduction. The 2018 year-to-date results include a net negative impact of $5.80M or $0.15 per diluted share, attributed to costs associated with the closure of a railcar maintenance facility in Germany in the second quarter.

PORTFOLIO MANAGEMENT

Portfolio Management reported segment profit of $10.70M in the third quarter of 2019, compared to a segment profit of $9.00M in the third quarter of 2018.  Segment profit year-to-date 2019 was $34.90M, compared to $34.30M year-to-date 2018.  Favorable results in the comparative periods were predominantly driven by the strong performance at the Rolls-Royce and Partner Finance affiliates (RRPF) partially offset by lower marine operating results.

GATX has a market value of $2.82B while its EPS was booked as $5.09 in the last 12 months. The stock has 35.30M shares outstanding. In the profitability analysis, the company has gross profit margin of 66.50% while net profit margin was 14.60%. Beta value of the company was 1.48; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.70.