|Bid||110.53 x 1000|
|Ask||110.54 x 800|
|Day's Range||110.49 - 110.54|
|52 Week Range||68.27 - 110.99|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||29.93|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shortline operator Genesee and Wyoming (NYSE: GWR) reported an 8.7 percent decline in operating income in the second quarter of 2019 amid year-over-year declines in freight revenue from its Australian and European operations. Operating income for the second quarter of 2019 totaled $94.2 million, down $8.9 million from $103.1 million in the second quarter of 2018, the company said. Of that, company-wide operating revenues fell 4 percent to $571.5 million, while operating expenses dropped 3 percent to $477.3 million.
The U.S. Surface Transportation Board (STB) is seeking public comments on Brookfield Asset Management's proposed acquisition of shortline operator Genesee & Wyoming (NYSE: GWR). Brookfield announced plans to acquire GWR earlier this month in a deal valued at $8.4 billion. Brookfield asked the Board in a July 9 filing to allow an exemption that would pave the way towards acquisition.
Genesee & Wyoming (GWR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The pending acquisition of short line operator Genesee & Wyoming (NYSE: GWR) by Brookfield Infrastructure (NYSE: BIP) and GIC might not affect customers in the short-term, but in the longer-term, rail industry observers are waiting to see how and whether GWR will be able to make the capital investments needed to maintain its infrastructure. "This is a rare opportunity to acquire a large-scale transport infrastructure business in North America," said Sam Pollock, chief executive officer of Brookfield Infrastructure.
Genesee & Wyoming (GWR) shares rose 9% on July 1. The company announced its acquisition by a consortium of two infrastructure investment firms.
On a record day for stocks, Genesee & Wyoming agreed to be bought by Brookfield Infrastructure Partners, and Applied Materials announced a significant acquisition.
The S&P 500 hit a record close Monday after President Donald Trump saying he'll ease export restrictions on U.S. companies doing business with China's Huawei Technologies. rose following the easing of export restrictions on Huawei. Nvidia is Real Money's Stock of the Day.
American short-line railroad holding company Genesee & Wyoming, Inc. (NYSE: GWR) announced that it has been acquired by infrastructure investment firms Brookfield Infrastructure (NYSE: BIP) and GIC in a deal valued at $8.4 billion. The $112 per share offer represents a 12 percent premium to GWR's last closing price and a 39.5 percent premium to its March 8 share price, the last trading price prior to media speculation. For our current stockholders, the sale price realizes significant value and represents a 39.5 percent premium to our March 8th share price.
Brookfield and GIC's offer of $112 per share represents a premium of 12 percent to Genesee's closing price on Friday. Genesee shares were up about 8 percent in trading before the bell. Genesee & Wyoming's revenue have increased at a compound annual growth rate of 16.8% since it floated in the stock market in 1996, rising to $2.3 billion in 2018 from $77.8 million, according to Genesee & Wyoming's latest annual report.
Brookfield Infrastructure and Singapore sovereign-wealth fund GIC are buying the rail operator for $112 a share in cash.
America’s biggest set of little railroads—Genesee & Wyoming—just agreed to an $8.4 billion buyout from Canada’s Brookfield and Singapore sovereign-wealth fund GIC
Shares of the Darien, Conn.-based company surged nearly 9% to $108.79 at the open after Brookfield infrastructure has agreed to pay $112 a share in cash for the railway and freight operator. The remainder of the business will be owned by Brookfield Infrastructure's institutional partners and GIC. Genesee & Wyoming's decision to sell itself comes in the wake of its recent wave of acquisitions of short-line railroads, which has made investing in the maintenance of its expanding network more costly.
Brookfield Infrastructure (NYSE: BIP ) and GIC, along with Brookfield Infrastructure’s institutional partners, will acquire U.S. freight railroad owner and operator Genesee & Wyoming Inc. (NYSE: GWR ) ...
Stocks with market capitalization between $2B and $10B, such as Genesee & Wyoming Inc. (NYSE:GWR) with a size of...
Canada's Brookfield Asset Management Inc and Singaporean sovereign wealth fund GIC on Monday agreed to buy U.S. freight railroad owner Genesee & Wyoming Inc for about $6.4 billion in cash. Brookfield and GIC's offer of $112 per share represents a premium of 12% to Genesee's closing price on Friday. Genesee & Wyoming's revenue have increased at a compound annual growth rate of 16.8% since it floated in the stock market in 1996, rising to $2.3 billion in 2018 from $77.8 million, according to Genesee & Wyoming's latest annual report.
U.S. stock futures soared on Monday, setting up the chance for fresh record highs on Wall Street, following a weekend G-20 summit that triggered a re-start in U.S.-China trade talks and a likely agreement on crude production cuts that has oil prices surging past $60 a barrel. President Donald Trump and his Chinese counterpart, Xi Jinping, agreed over the weekend at the summit to resume stalled trade talks between the world's two biggest economies, while simultaneously pledging not to apply fresh tariffs to either country's imports. Trump also said he would loosen restrictions on the shipment of tech equipment to China's Huawei Technologies while China, in turn, agreed to buy an unspecified amount of U.S. agricultural goods.
Shares of Genesee & Wyoming Inc. soared 9% toward a record high in premarket trading Monday, after the railroads company agreed to be acquired in a deal valued at $8.4 billion by Brookfield Infrastructure Partners L.P. and GIC. Under terms of the deal, G&W shareholders will receive $112 in cash for each G&W share they own, which is 12% above Friday's record closing price of $100, and would imply a market capitalization for G&W of about $6.4 billion. The deal is expected to close by year end or early 2020. G&W owns 120 short-line railroads, mostly in North America. The stock has rallied 35% year to date through Friday, while the Dow Jones Transportation Average has gained 14% and the Dow Jones Industrial Average has advanced 14%.