Genesee & Wyoming (GWR) Expected to Post Quarterly Sales of $570.82 Million

Wall Street brokerages predict that Genesee & Wyoming (NYSE:GWR) will report $570.82 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Genesee & Wyoming’s earnings, with estimates ranging from $564.24 million to $575.21 million. Genesee & Wyoming reported sales of $519.11 million during the same quarter last year, which would suggest a positive year over year growth rate of 10%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, May 1st.

According to Zacks, analysts expect that Genesee & Wyoming will report full year sales of $2.40 billion for the current fiscal year, with estimates ranging from $2.38 billion to $2.41 billion. For the next year, analysts expect that the company will post sales of $2.54 billion per share, with estimates ranging from $2.51 billion to $2.57 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Genesee & Wyoming.

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Genesee & Wyoming (NYSE:GWR) last announced its earnings results on Thursday, February 8th. The transportation company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. Genesee & Wyoming had a return on equity of 5.23% and a net margin of 24.87%. The business had revenue of $571.60 million during the quarter, compared to the consensus estimate of $566.73 million. During the same period in the prior year, the business posted $0.99 earnings per share. Genesee & Wyoming’s revenue was up 10.7% compared to the same quarter last year.

Several brokerages recently issued reports on GWR. JPMorgan Chase began coverage on Genesee & Wyoming in a research note on Tuesday, January 9th. They issued an “overweight” rating for the company. Zacks Investment Research raised Genesee & Wyoming from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Tuesday, January 30th. Citigroup reduced their price objective on Genesee & Wyoming from $97.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Bank of America reduced their price objective on Genesee & Wyoming from $89.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, Credit Suisse Group reduced their price objective on Genesee & Wyoming from $94.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.00.

Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Genesee & Wyoming by 43.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,815 shares of the transportation company’s stock worth $300,000 after purchasing an additional 1,160 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Genesee & Wyoming by 20.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 22,900 shares of the transportation company’s stock worth $1,803,000 after purchasing an additional 3,900 shares in the last quarter. Logan Capital Management Inc. purchased a new stake in shares of Genesee & Wyoming during the 4th quarter worth about $318,000. Global X Management Co. LLC raised its stake in shares of Genesee & Wyoming by 75.2% during the 4th quarter. Global X Management Co. LLC now owns 4,265 shares of the transportation company’s stock worth $336,000 after purchasing an additional 1,830 shares in the last quarter. Finally, Snyder Capital Management L P raised its stake in shares of Genesee & Wyoming by 24.8% during the 4th quarter. Snyder Capital Management L P now owns 586,146 shares of the transportation company’s stock worth $46,147,000 after purchasing an additional 116,652 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

Shares of NYSE GWR traded down $0.09 during mid-day trading on Monday, hitting $72.09. 125,085 shares of the company traded hands, compared to its average volume of 504,545. Genesee & Wyoming has a 1 year low of $61.44 and a 1 year high of $84.40. The company has a market cap of $4,473.14, a price-to-earnings ratio of 24.54, a P/E/G ratio of 1.16 and a beta of 1.69. The company has a quick ratio of 1.14, a current ratio of 1.26 and a debt-to-equity ratio of 0.59.

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Genesee & Wyoming Company Profile

Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.

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