Equities analysts expect that Greenbrier Companies Inc (NYSE:GBX) will post earnings of $0.96 per share for the current quarter, Zacks reports. Four analysts have made estimates for Greenbrier Companies’ earnings, with estimates ranging from $0.80 to $1.14. Greenbrier Companies posted earnings per share of $1.09 in the same quarter last year, which indicates a negative year-over-year growth rate of 11.9%. The firm is expected to announce its next earnings report on Wednesday, April 4th.
According to Zacks, analysts expect that Greenbrier Companies will report full year earnings of $4.13 per share for the current fiscal year, with EPS estimates ranging from $3.90 to $4.30. For the next fiscal year, analysts forecast that the firm will post earnings of $3.97 per share, with EPS estimates ranging from $3.30 to $4.45. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Greenbrier Companies.
Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Friday, January 5th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. Greenbrier Companies had a net margin of 5.39% and a return on equity of 10.71%. The firm had revenue of $559.50 million for the quarter, compared to the consensus estimate of $591.05 million. During the same period in the prior year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis.
A number of equities research analysts have recently issued reports on GBX shares. Stifel Nicolaus set a $55.00 price target on shares of Greenbrier Companies and gave the stock a “buy” rating in a report on Friday, February 9th. Seaport Global Securities began coverage on shares of Greenbrier Companies in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 target price on the stock. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Thursday, March 8th. Finally, ValuEngine downgraded shares of Greenbrier Companies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Greenbrier Companies currently has a consensus rating of “Buy” and an average target price of $58.00.
In related news, EVP Alejandro Centurion sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the sale, the executive vice president now directly owns 13,523 shares of the company’s stock, valued at $703,196. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.46% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in Greenbrier Companies by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 20,989 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 172 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Greenbrier Companies by 10.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,366 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 1,046 shares during the last quarter. American International Group Inc. grew its position in Greenbrier Companies by 5.7% during the third quarter. American International Group Inc. now owns 21,822 shares of the transportation company’s stock valued at $1,051,000 after acquiring an additional 1,185 shares during the last quarter. Rhumbline Advisers grew its position in Greenbrier Companies by 2.0% during the third quarter. Rhumbline Advisers now owns 61,313 shares of the transportation company’s stock valued at $2,952,000 after acquiring an additional 1,190 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Greenbrier Companies by 13.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 13,302 shares of the transportation company’s stock valued at $709,000 after acquiring an additional 1,596 shares during the last quarter.
Shares of Greenbrier Companies (NYSE:GBX) opened at $51.40 on Monday. Greenbrier Companies has a fifty-two week low of $40.60 and a fifty-two week high of $54.45. The stock has a market cap of $1,482.39, a PE ratio of 13.31, a PEG ratio of 1.32 and a beta of 1.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.96 and a quick ratio of 2.04.
The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, January 26th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, January 25th. Greenbrier Companies’s dividend payout ratio is currently 24.86%.
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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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