Greenbrier Companies Inc (NYSE:GBX) – Analysts at Seaport Global Securities dropped their Q4 2018 earnings estimates for shares of Greenbrier Companies in a report issued on Monday, July 2nd. Seaport Global Securities analyst W. Milby now expects that the transportation company will post earnings per share of $1.00 for the quarter, down from their previous forecast of $1.09.
Several other research firms have also weighed in on GBX. ValuEngine upgraded shares of Greenbrier Companies from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of Greenbrier Companies from $54.00 to $61.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wells Fargo & Co set a $55.00 price target on shares of Greenbrier Companies and gave the company a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $59.00.
NYSE:GBX opened at $53.25 on Wednesday. The firm has a market capitalization of $1.74 billion, a PE ratio of 14.16, a P/E/G ratio of 1.35 and a beta of 1.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.82 and a quick ratio of 1.95. Greenbrier Companies has a twelve month low of $41.45 and a twelve month high of $55.05.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Friday, June 29th. The transportation company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.16. The company had revenue of $641.40 million during the quarter, compared to analyst estimates of $668.52 million. Greenbrier Companies had a net margin of 5.92% and a return on equity of 10.56%. Greenbrier Companies’s revenue for the quarter was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new position in Greenbrier Companies during the 1st quarter worth $262,000. Suntrust Banks Inc. boosted its holdings in Greenbrier Companies by 14.8% during the 1st quarter. Suntrust Banks Inc. now owns 38,762 shares of the transportation company’s stock worth $1,947,000 after acquiring an additional 5,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Greenbrier Companies by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 255,742 shares of the transportation company’s stock worth $12,851,000 after acquiring an additional 7,728 shares during the last quarter. CIBC World Markets Inc. purchased a new position in Greenbrier Companies during the 1st quarter worth $1,324,000. Finally, Dalton Greiner Hartman Maher & Co. boosted its holdings in Greenbrier Companies by 3.9% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 562,186 shares of the transportation company’s stock worth $28,250,000 after acquiring an additional 21,073 shares during the last quarter.
In other Greenbrier Companies news, EVP Alejandro Centurion sold 8,000 shares of Greenbrier Companies stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $44.67, for a total transaction of $357,360.00. Following the transaction, the executive vice president now directly owns 15,925 shares of the company’s stock, valued at approximately $711,369.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark J. Rittenbaum sold 10,000 shares of Greenbrier Companies stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $47.68, for a total transaction of $476,800.00. Following the transaction, the executive vice president now directly owns 68,726 shares in the company, valued at $3,276,855.68. The disclosure for this sale can be found here. In the last three months, insiders sold 29,999 shares of company stock valued at $1,425,626. 2.46% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 9th. Investors of record on Thursday, July 19th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, July 18th. Greenbrier Companies’s payout ratio is currently 26.60%.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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