Wall Street brokerages expect that Greenbrier Companies, Inc. (The) (NYSE:GBX) will report earnings of $0.89 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Greenbrier Companies’ earnings, with the highest EPS estimate coming in at $1.07 and the lowest estimate coming in at $0.81. Greenbrier Companies reported earnings of $0.79 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.7%. The company is expected to report its next quarterly earnings results on Friday, January 5th.
According to Zacks, analysts expect that Greenbrier Companies will report full-year earnings of $3.94 per share for the current year, with EPS estimates ranging from $3.75 to $4.05. For the next financial year, analysts anticipate that the company will post earnings of $3.74 per share, with EPS estimates ranging from $3.00 to $4.09. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Greenbrier Companies.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Friday, October 27th. The transportation company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.23. The company had revenue of $611.40 million for the quarter, compared to the consensus estimate of $647.98 million. Greenbrier Companies had a return on equity of 10.75% and a net margin of 5.35%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $1.06 earnings per share.
A number of equities research analysts recently weighed in on GBX shares. Zacks Investment Research raised Greenbrier Companies from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, August 29th. ValuEngine raised Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reissued a “buy” rating and set a $60.00 target price (up from $51.00) on shares of Greenbrier Companies in a research report on Thursday, October 5th. KeyCorp reissued a “buy” rating and set a $60.00 target price on shares of Greenbrier Companies in a research report on Tuesday, October 24th. Finally, Cowen reissued a “buy” rating and set a $57.00 target price on shares of Greenbrier Companies in a research report on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Greenbrier Companies currently has a consensus rating of “Buy” and a consensus price target of $53.57.
In other Greenbrier Companies news, CEO William A. Furman sold 117,652 shares of Greenbrier Companies stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $46.91, for a total transaction of $5,519,055.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Martin Raymond Baker sold 6,777 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $51.81, for a total value of $351,116.37. Following the sale, the senior vice president now directly owns 11,030 shares in the company, valued at $571,464.30. The disclosure for this sale can be found here. Insiders have sold 289,570 shares of company stock worth $13,824,232 over the last ninety days. Company insiders own 2.46% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GBX. Point72 Asset Management L.P. raised its stake in shares of Greenbrier Companies by 157.9% in the third quarter. Point72 Asset Management L.P. now owns 469,966 shares of the transportation company’s stock valued at $22,629,000 after acquiring an additional 287,736 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Greenbrier Companies by 35.5% in the second quarter. Schroder Investment Management Group now owns 1,065,422 shares of the transportation company’s stock valued at $51,407,000 after acquiring an additional 279,137 shares during the last quarter. LSV Asset Management raised its stake in shares of Greenbrier Companies by 261.9% in the second quarter. LSV Asset Management now owns 289,900 shares of the transportation company’s stock valued at $13,407,000 after acquiring an additional 209,800 shares during the last quarter. Walthausen & Co. LLC raised its stake in shares of Greenbrier Companies by 187.0% in the third quarter. Walthausen & Co. LLC now owns 188,182 shares of the transportation company’s stock valued at $9,061,000 after acquiring an additional 122,605 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Greenbrier Companies by 2.4% in the second quarter. Vanguard Group Inc. now owns 5,322,591 shares of the transportation company’s stock valued at $246,170,000 after acquiring an additional 122,476 shares during the last quarter.
Shares of Greenbrier Companies (NYSE:GBX) traded down $0.55 during trading hours on Thursday, hitting $49.45. The stock had a trading volume of 323,707 shares, compared to its average volume of 314,581. Greenbrier Companies has a 12 month low of $39.10 and a 12 month high of $52.75. The firm has a market capitalization of $1,419.26, a P/E ratio of 13.12, a P/E/G ratio of 1.31 and a beta of 1.97. The company has a current ratio of 3.10, a quick ratio of 2.15 and a debt-to-equity ratio of 0.47.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.86%. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.22. The ex-dividend date is 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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