$0.73 EPS Expected for Genesee & Wyoming Inc (GWR) This Quarter
Wall Street analysts expect Genesee & Wyoming Inc (NYSE:GWR) to post earnings per share (EPS) of $0.73 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Genesee & Wyoming’s earnings. The lowest EPS estimate is $0.71 and the highest is $0.75. Genesee & Wyoming reported earnings of $0.81 per share in the same quarter last year, which would indicate a negative year over year growth rate of 9.9%. The firm is expected to report its next earnings report on Monday, August 7th.
On average, analysts expect that Genesee & Wyoming will report full-year earnings of $3.08 per share for the current year, with EPS estimates ranging from $3.00 to $3.25. For the next financial year, analysts anticipate that the business will report earnings of $3.67 per share, with EPS estimates ranging from $3.40 to $4.15. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Genesee & Wyoming.
Genesee & Wyoming (NYSE:GWR) last announced its quarterly earnings data on Tuesday, May 2nd. The transportation company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.12. The company had revenue of $519.10 million for the quarter, compared to analysts’ expectations of $516.98 million. Genesee & Wyoming had a net margin of 7.05% and a return on equity of 7.45%. Genesee & Wyoming’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share.
A number of research firms recently commented on GWR. Zacks Investment Research raised shares of Genesee & Wyoming from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 4th. Cowen and Company dropped their target price on shares of Genesee & Wyoming from $77.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 3rd. Bank of America Corp raised shares of Genesee & Wyoming from a “neutral” rating to a “buy” rating and increased their target price for the company from $42.21 to $76.00 in a research report on Wednesday, April 19th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Genesee & Wyoming in a research report on Tuesday, April 11th. Finally, Wells Fargo & Co assumed coverage on shares of Genesee & Wyoming in a research report on Monday, March 13th. They set a “market perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $75.50.
Shares of Genesee & Wyoming (NYSE:GWR) traded up 1.45% during midday trading on Thursday, hitting $63.51. 608,592 shares of the stock were exchanged. The company has a market cap of $3.90 billion, a PE ratio of 26.95 and a beta of 1.57. The stock has a 50 day moving average price of $66.77 and a 200-day moving average price of $71.24. Genesee & Wyoming has a 12 month low of $52.21 and a 12 month high of $80.73.
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In other news, insider John C. Hellmann sold 14,825 shares of the firm’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $68.49, for a total value of $1,015,364.25. Following the completion of the sale, the insider now owns 406,229 shares in the company, valued at approximately $27,822,624.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mortimer B. Fuller III sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $74.42, for a total transaction of $297,680.00. Following the completion of the sale, the director now owns 25,950 shares of the company’s stock, valued at approximately $1,931,199. The disclosure for this sale can be found here. Insiders sold a total of 32,840 shares of company stock valued at $2,351,696 in the last 90 days. Company insiders own 3.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Genesee & Wyoming during the fourth quarter valued at approximately $50,073,000. Alyeska Investment Group L.P. purchased a new stake in Genesee & Wyoming during the fourth quarter valued at approximately $38,162,000. Norges Bank purchased a new stake in Genesee & Wyoming during the fourth quarter valued at approximately $34,199,000. Calamos Advisors LLC purchased a new stake in Genesee & Wyoming during the fourth quarter valued at approximately $32,243,000. Finally, Scopus Asset Management L.P. purchased a new stake in Genesee & Wyoming during the third quarter valued at approximately $27,677,000. Institutional investors own 96.56% of the company’s stock.
About Genesee & Wyoming
Genesee & Wyoming Inc owns and operates freight railroads across the world. As of December 31, 2016, the Company owned or leased 122 freight railroads worldwide that are organized in 10 operating regions. The Company operates through three segments, which include North American Operations, Australian Operations and U.K./European Operations.
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