Genesee & Wyoming, Inc. (NYSE:GWR) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of ~$0.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.87. The company issued revenue guidance of $575-590 million, compared to the consensus revenue estimate of $558.72 million.Genesee & Wyoming also updated its FY17 guidance to ~$3.00 EPS.
A number of brokerages have issued reports on GWR. BidaskClub downgraded Genesee & Wyoming from a hold rating to a sell rating in a report on Thursday, July 13th. Cowen and Company reiterated a buy rating and set a $75.00 target price on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Morgan Stanley reiterated an equal weight rating on shares of Genesee & Wyoming in a research report on Tuesday, July 11th. Finally, Zacks Investment Research cut Genesee & Wyoming from a buy rating to a hold rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Genesee & Wyoming has a consensus rating of Hold and a consensus target price of $75.67.
Genesee & Wyoming, Inc. (NYSE:GWR) opened at 65.56 on Friday. The company has a 50-day moving average price of $67.18 and a 200 day moving average price of $68.03. The firm has a market cap of $4.09 billion, a PE ratio of 28.73 and a beta of 1.71. Genesee & Wyoming, Inc. has a 12 month low of $61.44 and a 12 month high of $80.73.
Genesee & Wyoming (NYSE:GWR) last issued its earnings results on Tuesday, August 1st. The transportation company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. Genesee & Wyoming had a net margin of 6.64% and a return on equity of 6.32%. The firm had revenue of $540.43 million for the quarter, compared to analysts’ expectations of $539.59 million. During the same quarter last year, the company posted $0.81 earnings per share. Genesee & Wyoming’s revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Genesee & Wyoming, Inc. will post $3.00 EPS for the current year.
In other Genesee & Wyoming news, insider Christopher F. Liucci sold 1,677 shares of Genesee & Wyoming stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $64.48, for a total transaction of $108,132.96. Following the completion of the sale, the insider now owns 23,258 shares of the company’s stock, valued at approximately $1,499,675.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Timothy J. Gallagher sold 5,073 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $66.84, for a total transaction of $339,079.32. Following the transaction, the chief financial officer now owns 56,951 shares in the company, valued at approximately $3,806,604.84. The disclosure for this sale can be found here. Insiders have sold 13,480 shares of company stock worth $893,428 in the last quarter. Company insiders own 3.80% 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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