GATX Corporation: Solid Q4 Results And Looking Good For FY24 [Technical Analysis] [Seeking Alpha]
GATX Corporation (GATX)
Last gatx corporation earnings: 1/23 08:30 am
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US:NYSE Investor Relations:
ir.gatx.com/phoenix.zhtml?c=70051&p=irol-irhome
Company Research
Source: Technical Analysis
Favorable leasing environment in North America and potential growth in India are expected to benefit GATX in FY24. While the financial results and valuation are positive, the technical setup suggests waiting for the right opportunity to enter the stock. GATX Corporation ( NYSE: GATX ) works as a railcar leasing company. GATX recently announced its Q4 FY23 and FY23 results. I will analyze GATX's results in this report. I like its valuation and future growth potential. But the technical setup is not right to enter. Hence, I assign a hold rating on GATX. Financial Analysis GATX recently posted its Q4 FY23 and FY23 results on January 23rd. The total revenues for Q4 FY23 were $388.7 million, a rise of 14.2% compared to Q4 FY22. Its rail and portfolio management segment saw good growth, which was the reason for the rise in revenue. Its rail revenues from North America and International operations grew by 10.5% and 16.4% in Q4 FY23 compared to Q4 FY22. The major reason behind the re
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GATX
News
- Here's Why Investors Should Add GATX to Their Portfolio [Yahoo! Finance]Yahoo! Finance
- GATX Corporation: Strong Utilization Rates And Pricing Fuel New Gains [Seeking Alpha]Seeking Alpha
- GATX Corporation Announces Quarterly DividendBusiness Wire
- GATX Surpasses Q1 Earnings Estimates, Reaffirms 2024 EPS View [Yahoo! Finance]Yahoo! Finance
- GATX Corporation (NYSE:GATX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
GATX
Earnings
- 4/23/24 - Beat
GATX
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- GATX's page on the SEC website