Greenbrier Companies (GBX) Releases Earnings Results

Greenbrier Companies (NYSE:GBX) posted its earnings results on Friday. The transportation company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02, Morningstar.com reports. The business had revenue of $559.50 million during the quarter, compared to analyst estimates of $591.05 million. Greenbrier Companies had a return on equity of 10.75% and a net margin of 5.35%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. Greenbrier Companies updated its FY18 guidance to $4.00 EPS.

Shares of Greenbrier Companies (GBX) traded down $2.05 on Friday, hitting $50.60. The company had a trading volume of 1,280,000 shares, compared to its average volume of 331,258. The company has a quick ratio of 2.15, a current ratio of 3.10 and a debt-to-equity ratio of 0.47. Greenbrier Companies has a one year low of $40.45 and a one year high of $54.45. The company has a market capitalization of $1,450.00, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.34 and a beta of 1.95.

In related news, EVP Alejandro Centurion sold 5,500 shares of Greenbrier Companies stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $52.21, for a total value of $287,155.00. Following the completion of the sale, the executive vice president now owns 19,593 shares of the company’s stock, valued at $1,022,950.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Martin Raymond Baker sold 6,777 shares of Greenbrier Companies stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $51.81, for a total value of $351,116.37. Following the completion of the sale, the senior vice president now directly owns 11,030 shares of the company’s stock, valued at approximately $571,464.30. The disclosure for this sale can be found here. Insiders sold 284,830 shares of company stock valued at $13,596,712 in the last ninety days. 2.46% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GBX. Riverhead Capital Management LLC lifted its position in Greenbrier Companies by 69.1% during the second quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 898 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Greenbrier Companies by 872.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 2,529 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Greenbrier Companies during the third quarter valued at $265,000. Airain ltd purchased a new position in Greenbrier Companies during the second quarter valued at $276,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Greenbrier Companies during the second quarter valued at $284,000.

GBX has been the subject of a number of research analyst reports. KeyCorp reissued a “buy” rating and issued a $60.00 target price on shares of Greenbrier Companies in a report on Tuesday, October 24th. Seaport Global Securities initiated coverage on Greenbrier Companies in a report on Thursday. They issued a “buy” rating and a $65.00 target price for the company. Stifel Nicolaus reissued a “buy” rating and issued a $60.00 target price (up previously from $51.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Zacks Investment Research lowered Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Buckingham Research lifted their price objective on Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $59.00.

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About Greenbrier Companies

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 (NYSE:GBX)

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