GMTA stock news

GATX EPS beats by $0.32, misses on revenue

01:35pm, Thursday, 23'rd Jan 2020
GATX (NYSE:GATX): Q4 Non-GAAP EPS of $1.36 beats by $0.32; GAAP EPS of $1.59 beats by $0.51. Revenue of $356.7M (+0.1% Y/Y) misses by $2.5M. Shares +2.7% P Read more
"Worst Market In 30 Years" - 400,000 Commodity Railcars Sit Idle Amid Industrial Recession Wells Fargo, Citigroup, PNC Financial Service Group, and CIT Group accumulated hundreds of thousands of commodity hauling railcars in North America over the last decade. These banks believed railcars carrying coal, grain, and other commodities were going to be highly profitable but have recently turned out to be a major headache as many cars are now in storage because of new regulations and demand woes brought on by fluctuating commodity markets. David Nahass, president of Railroad Financial Corp., which provides advisory services to railroad firms, told The Wall Street Journa l that "the industry is suffering, there are no two ways about it. Lease rates are down, and there's not a source of hope about when it will start to improve." The Journal, citing the Association of American Railroads (AAR), said about 400,000 railcars currently sit in storage with no use at all, and many are bank-owned. CIT estimated railcar lease rates fell 10% to 15% in 2019 over the prior year. Read more
Rail equipment manufacturer and lessor GATX (NYSE: GATX ) has filed a lawsuit against Georgia Power for returning allegedly damaged railcars. In a filing in the U.S. District Court for the Northern District of Georgia in Atlanta, GATX said Georgia Power violated its leasing agreement because the power company returned 160 railcars with signs of corrosion damage, but Georgia Power is refusing to pay for any damages. GATX said the damages will cost $5 million to repair. "GATX has demanded payment from Georgia Power in writing and given Georgia Power an opportunity to cure its breach [of contract], but Georgia Power has refused and its … Full story available on Benzinga.com Read more

Moving Average Crossover Alert: GATX

02:19pm, Friday, 13'th Sep 2019
GATX Corporation (GATX) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Read more
Is GATX Corporation (NYSE:GATX) a good dividend stock? How can we tell? Dividend paying companies with growing… Read more
Gatx (GATX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. Read more
Gatx (GATX) delivered earnings and revenue surprises of 34.85% and 0.14%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock? Read more
Gatx (GATX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Read more
GATX Corporation (GATX) stock may be a good choice for value-oriented investors right now from multiple angles. Read more
Investors eyeing a purchase of GATX Corp Symbol GATX stock but cautious about paying the going market price of 72 38 share might benefit from considering selling puts among the alternative strategies at their disposal One interesting put contract in particular is the December put at the Read more
Gatx (GATX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. Read more
David Einhorn, president of Greenlight Capital, at the Sohn Investment Conference on Monday said his firm is positive on airplane leasing company AerCap Holdings and negative on railcar leasing company GATX Corp. Read more
David Einhorn, president of Greenlight Capital, at the Sohn Investment Conference on Monday said his firm is positive on airplane leasing company AerCap Holdings and negative on railcar leasing company GATX Corp . Read more

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