Equities analysts forecast that Greenbrier Companies, Inc. (The) (NYSE:GBX) will post sales of $638.03 million for the current quarter, according to Zacks. Three analysts have provided estimates for Greenbrier Companies, Inc. (The)’s earnings, with the lowest sales estimate coming in at $606.70 million and the highest estimate coming in at $669.30 million. Greenbrier Companies, Inc. (The) reported sales of $595.19 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.2%. The company is expected to issue its next quarterly earnings report on Tuesday, October 24th.

According to Zacks, analysts expect that Greenbrier Companies, Inc. (The) will report full year sales of $638.03 million for the current fiscal year, with estimates ranging from $2.16 billion to $2.23 billion. For the next year, analysts forecast that the firm will report sales of $2.29 billion per share, with estimates ranging from $2.11 billion to $2.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Greenbrier Companies, Inc. (The).

Greenbrier Companies, Inc. (The) (NYSE:GBX) last released its quarterly earnings results on Thursday, June 29th. The transportation company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.82 by $0.21. Greenbrier Companies, Inc. (The) had a return on equity of 11.74% and a net margin of 5.85%. The business had revenue of $439.20 million during the quarter, compared to analyst estimates of $516.17 million. During the same period last year, the business posted $1.12 earnings per share. The company’s quarterly revenue was down 28.3% on a year-over-year basis.

GBX has been the subject of several research reports. Zacks Investment Research raised shares of Greenbrier Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, August 29th. BidaskClub cut shares of Greenbrier Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. ValuEngine raised shares of Greenbrier Companies, Inc. (The) from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Stifel Nicolaus raised shares of Greenbrier Companies, Inc. (The) from a “hold” rating to a “buy” rating and boosted their price objective for the company from $48.00 to $51.00 in a research note on Monday, July 17th. Finally, Cowen and Company reissued a “buy” rating and set a $57.00 price objective on shares of Greenbrier Companies, Inc. (The) in a research note on Monday, August 28th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $44.88.

In related news, EVP Alejandro Centurion sold 3,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $43.30, for a total transaction of $129,900.00. Following the completion of the sale, the executive vice president now directly owns 17,583 shares of the company’s stock, valued at approximately $761,343.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Anne Manning sold 6,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $46.55, for a total transaction of $279,300.00. Following the sale, the vice president now directly owns 11,939 shares of the company’s stock, valued at $555,760.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,000 shares of company stock valued at $538,350. 4.60% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers purchased a new position in Greenbrier Companies, Inc. (The) in the 2nd quarter valued at about $548,000. Public Employees Retirement System of Ohio boosted its position in Greenbrier Companies, Inc. (The) by 410.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,108 shares of the transportation company’s stock valued at $606,000 after buying an additional 10,539 shares during the last quarter. Verition Fund Management LLC purchased a new position in Greenbrier Companies, Inc. (The) in the 2nd quarter valued at about $319,000. Piedmont Investment Advisors LLC purchased a new position in Greenbrier Companies, Inc. (The) in the 2nd quarter valued at about $284,000. Finally, Kalos Management Inc. boosted its position in Greenbrier Companies, Inc. (The) by 2.3% in the 2nd quarter. Kalos Management Inc. now owns 48,088 shares of the transportation company’s stock valued at $2,224,000 after buying an additional 1,060 shares during the last quarter.

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Greenbrier Companies, Inc. (NYSE GBX) traded up 0.59% on Friday, hitting $42.70. The stock had a trading volume of 339,657 shares. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 10.77 and a beta of 1.91. Greenbrier Companies, Inc. has a one year low of $28.95 and a one year high of $51.25. The company’s 50-day moving average price is $44.07 and its 200 day moving average price is $44.46.

About Greenbrier Companies, Inc. (The)

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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