Greenbrier Companies, Inc. (The) (GBX) Announces Quarterly Earnings Results

Greenbrier Companies, Inc. (The) (NYSE:GBX) announced its earnings results on Friday. The transportation company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.23, Bloomberg Earnings reports. Greenbrier Companies, Inc. (The) had a return on equity of 11.74% and a net margin of 5.85%. The company had revenue of $611.40 million during the quarter, compared to analyst estimates of $647.98 million. During the same period last year, the company posted $1.06 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Greenbrier Companies, Inc. (The) updated its FY18 guidance to $4.00 EPS.

Shares of Greenbrier Companies, Inc. (GBX) traded down 0.90% during trading on Friday, reaching $49.60. The company’s stock had a trading volume of 725,080 shares. The company’s 50 day moving average price is $47.80 and its 200 day moving average price is $45.72. Greenbrier Companies, Inc. has a 12 month low of $28.95 and a 12 month high of $52.45. The firm has a market cap of $1.41 billion, a PE ratio of 12.51 and a beta of 1.91.

A number of analysts have recently weighed in on GBX shares. ValuEngine upgraded Greenbrier Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Greenbrier Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, August 29th. Stifel Nicolaus restated a “buy” rating and issued a $60.00 target price (up from $51.00) on shares of Greenbrier Companies, Inc. (The) in a research note on Thursday, October 5th. KeyCorp restated a “buy” rating and issued a $60.00 target price on shares of Greenbrier Companies, Inc. (The) in a research note on Tuesday, October 24th. Finally, Cowen and Company restated a “buy” rating and issued a $57.00 target price on shares of Greenbrier Companies, Inc. (The) in a research note on Monday, August 28th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Greenbrier Companies, Inc. (The) presently has a consensus rating of “Buy” and a consensus price target of $53.57.

In related news, VP Anne Manning sold 6,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $46.55, for a total transaction of $279,300.00. Following the sale, the vice president now owns 11,939 shares in the company, valued at approximately $555,760.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Lorie Tekorius sold 4,740 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $48.00, for a total value of $227,520.00. The disclosure for this sale can be found here. 4.60% of the stock is owned by corporate insiders.

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About Greenbrier Companies, Inc. (The)

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

Earnings History for Greenbrier Companies, Inc. (The) (NYSE:GBX)

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