Greenbrier Companies Inc (GBX) Updates FY14 Earnings Guidance
Greenbrier Companies Inc (NYSE:GBX) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.98-3.08 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.62, AR Network reports. The company issued revenue guidance of over $2.2 billion, compared to the consensus revenue estimate of $2.16 billion.Greenbrier Companies also updated its Q4 guidance to $0.95-1.05 EPS.
Greenbrier Companies Inc (NYSE:GBX) opened at 57.71 on Wednesday. Greenbrier Companies Inc has a 52-week low of $21.10 and a 52-week high of $62.96. The stock’s 50-day moving average is $55.84 and its 200-day moving average is $44.92. The company’s market cap is $1.592 billion.
Greenbrier Companies (NYSE:GBX) last released its earnings data on Wednesday, July 2nd. The company reported $1.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.29. The company had revenue of $593.30 million for the quarter, compared to the consensus estimate of $570.74 million. During the same quarter last year, the company posted $0.50 earnings per share. Greenbrier Companies’s revenue was up 36.8% compared to the same quarter last year. Analysts expect that Greenbrier Companies Inc will post $2.61 EPS for the current fiscal year.
GBX has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Greenbrier Companies from a neutral rating to an outperform rating in a research note on Tuesday, June 24th. They now have a $61.10 price target on the stock. On a related note, analysts at KeyCorp set a $64.00 price target on shares of Greenbrier Companies in a research note on Monday, June 16th. They now have a buy rating on the stock. Finally, analysts at Bank of America reiterated a buy rating on shares of Greenbrier Companies in a research note on Thursday, June 5th. They now have a $65.00 price target on the stock, up previously from $63.00. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $55.16.
The Greenbrier Companies, Inc (NYSE:GBX), formerly Greenbrier Oregon, Inc, are the designers, manufacturers and marketers of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services to the railroad and related transportation industries in North America.
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