GATX Sees FY16 Earnings Above View - Quick Facts

(RTTNews) - While reporting its financial results for the fourth quarter today, railcar leasing company GATX Corp. (GMT) provided earnings outlook for fiscal 2016 above analysts' expectations.

For fiscal 2016, GATX forecasts earnings in a range of $5.25 to $5.45 per share. On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.21 per share for the year.

The company said it expects Rail North America segment full-year profit to decrease from 2015's record levels primarily due to lower expected railcar remarketing activity in a softer market.

The company anticipates Rail International will achieve segment profit similar to the prior year, as lease rate improvements are offset by higher maintenance and currency impacts.