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News Breaks
January 3, 2014
09:30 EDTGWRGenesee & Wyoming acquisition should be immediately accretive, says Stephens
Stephens expects Genesee & Wyoming's acquisition of a portion of the Dakota, Minnesota & Eastern rail line to be immediately accretive to its EPS upon the closing of the deal, which is expected to occur in the middle of next year. The firm thinks that the company has multiple catalysts on the horizon and a long-term EPS growth outlook of 15%-20%. It reiterates the stock as a Best Idea.
News For GWR From The Last 14 Days
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October 13, 2015
06:35 EDTGWRGenesee & Wyoming reports Q3 traffic up 49.2% to 775,556 carloads
06:33 EDTGWRGenesee & Wyoming reports September traffic up 56.2% to 255,377 carloads
G&W's traffic in September 2015 was 255,377 carloads, an increase of 91,847 carloads, or 56.2%, compared with September 2014. G&W's same-railroad traffic in September 2015 was 149,776 carloads, a decrease of 13,754 carloads, or 8.4%, compared with September 2014. The term carload represents physical railcars and estimated railcar equivalents of commodities for which G&W is paid on a metric ton or other measure to move freight, as well as intermodal units.
October 2, 2015
15:58 EDTGWRGenesee & Wyoming board approves $300M stock repurchase program
October 1, 2015
09:30 EDTGWRRails sector upgraded to Market Weight from Market Weight at Wolfe Research
Wolfe Research upgraded the Rails Sector to Market Overweight citing limited downside in earnings and valuations at current levels. The firm recommends investors aggressively buy rail stocks again given below market multiples and double-digit earnings growth next year. As part of the sector upgrade, the analyst raised Norfolk Southern to Outperform from Peer Perform.

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