Greenbrier Companies Inc (GBX) Expected to Announce Earnings of $0.88 Per Share

Equities analysts expect that Greenbrier Companies Inc (NYSE:GBX) will report earnings per share of $0.88 for the current quarter, Zacks reports. Three analysts have made estimates for Greenbrier Companies’ earnings. The highest EPS estimate is $1.07 and the lowest is $0.81. Greenbrier Companies posted earnings of $0.79 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 11.4%. The firm is expected to report its next quarterly earnings results before the market opens on Friday, January 5th.

According to Zacks, analysts expect that Greenbrier Companies will report full year earnings of $3.97 per share for the current financial year, with EPS estimates ranging from $3.90 to $4.05. For the next year, analysts anticipate that the firm will report earnings of $3.68 per share, with EPS estimates ranging from $3.00 to $4.09. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Greenbrier Companies.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Friday, October 27th. The transportation company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.23. The business had revenue of $611.40 million for the quarter, compared to analyst estimates of $647.98 million. Greenbrier Companies had a net margin of 5.35% and a return on equity of 10.75%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS.

Several brokerages have issued reports on GBX. ValuEngine raised shares of Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Zacks Investment Research cut shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. KeyCorp restated a “buy” rating and issued a $60.00 target price on shares of Greenbrier Companies in a research note on Tuesday, October 24th. Buckingham Research raised their target price on shares of Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, October 5th. Finally, Stifel Nicolaus restated a “buy” rating and set a $60.00 target price (up previously from $51.00) on shares of Greenbrier Companies in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Greenbrier Companies presently has an average rating of “Buy” and a consensus price target of $58.00.

In other Greenbrier Companies news, CEO William A. Furman sold 117,652 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $46.91, for a total transaction of $5,519,055.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alejandro Centurion sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $52.21, for a total transaction of $287,155.00. Following the sale, the executive vice president now owns 19,593 shares of the company’s stock, valued at approximately $1,022,950.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 284,830 shares of company stock worth $13,596,712. Corporate insiders own 2.46% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC grew its position in Greenbrier Companies by 69.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock valued at $102,000 after buying an additional 898 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Greenbrier Companies by 872.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 2,529 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in Greenbrier Companies in the 3rd quarter valued at about $265,000. Airain ltd acquired a new stake in Greenbrier Companies in the 2nd quarter valued at about $276,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Greenbrier Companies in the 2nd quarter valued at about $284,000.

Greenbrier Companies (NYSE GBX) opened at $53.10 on Thursday. Greenbrier Companies has a 52-week low of $39.95 and a 52-week high of $54.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.15 and a current ratio of 3.10. The stock has a market cap of $1,520.00, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 1.41 and a beta of 1.95.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.23 per share. This is a boost from Greenbrier Companies’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Tuesday, November 14th. Greenbrier Companies’s payout ratio is presently 25.14%.

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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.

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Earnings History and Estimates for Greenbrier Companies (NYSE:GBX)

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