KeyCorp Weighs in on Greenbrier Companies, Inc. (The)’s FY2018 Earnings (GBX)

Greenbrier Companies, Inc. (The) (NYSE:GBX) – Research analysts at KeyCorp boosted their FY2018 EPS estimates for Greenbrier Companies, Inc. (The) in a report released on Sunday. KeyCorp analyst S. Barger now expects that the transportation company will earn $3.90 per share for the year, up from their prior forecast of $3.75. KeyCorp has a “Buy” rating and a $60.00 price target on the stock. KeyCorp also issued estimates for Greenbrier Companies, Inc. (The)’s Q1 2019 earnings at $1.03 EPS, Q2 2019 earnings at $0.95 EPS, Q3 2019 earnings at $1.02 EPS and Q4 2019 earnings at $1.09 EPS.

Other research analysts have also recently issued research reports about the company. Cowen and Company increased their price objective on Greenbrier Companies, Inc. (The) from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 4th. BidaskClub cut Greenbrier Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Sunday, August 20th. Zacks Investment Research cut Greenbrier Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine upgraded Greenbrier Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Bank of America Corporation upgraded Greenbrier Companies, Inc. (The) from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $49.00 to $59.00 in a research report on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $53.57.

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Greenbrier Companies, Inc. (NYSE GBX) traded up 2.99% during mid-day trading on Tuesday, hitting $51.75. 417,052 shares of the stock were exchanged. The firm has a market cap of $1.47 billion, a P/E ratio of 13.05 and a beta of 1.90. The company has a 50 day moving average of $48.02 and a 200 day moving average of $45.75. Greenbrier Companies, Inc. has a 12-month low of $28.95 and a 12-month high of $52.45.

Greenbrier Companies, Inc. (The) (NYSE:GBX) last released its quarterly earnings results on Friday, October 27th. The transportation company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.23. Greenbrier Companies, Inc. (The) had a net margin of 5.35% and a return on equity of 10.97%. The business had revenue of $611.40 million for the quarter, compared to analysts’ expectations of $647.98 million. During the same period last year, the business earned $1.06 EPS. The company’s revenue was up 2.7% compared to the same quarter last year.

Several institutional investors have recently added to or reduced their stakes in the company. Parametrica Management Ltd purchased a new position in shares of Greenbrier Companies, Inc. (The) in the 3rd quarter worth about $390,000. Victory Capital Management Inc. raised its holdings in shares of Greenbrier Companies, Inc. (The) by 1.0% in the 3rd quarter. Victory Capital Management Inc. now owns 728,047 shares of the transportation company’s stock worth $35,056,000 after purchasing an additional 7,178 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Greenbrier Companies, Inc. (The) in the 3rd quarter worth about $603,000. State of New Jersey Common Pension Fund D purchased a new position in shares of Greenbrier Companies, Inc. (The) in the 3rd quarter worth about $4,334,000. Finally, Midas Management Corp raised its holdings in shares of Greenbrier Companies, Inc. (The) by 16.5% in the 3rd quarter. Midas Management Corp now owns 21,150 shares of the transportation company’s stock worth $1,018,000 after purchasing an additional 3,000 shares during the period.

In other Greenbrier Companies, Inc. (The) news, VP Anne Manning sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $46.55, for a total value of $279,300.00. Following the sale, the vice president now directly owns 11,939 shares of the company’s stock, valued at approximately $555,760.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Lorie Tekorius sold 4,740 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was 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 currently owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. This is a positive change from Greenbrier Companies, Inc. (The)’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, November 14th. Greenbrier Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 24.04%.

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 and Estimates for Greenbrier Companies, Inc. (The) (NYSE:GBX)

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