Equities analysts forecast that Greenbrier Companies, Inc. (The) (NYSE:GBX) will announce sales of $652.97 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Greenbrier Companies, Inc. (The)’s earnings. The highest sales estimate is $714.10 million and the lowest is $606.70 million. Greenbrier Companies, Inc. (The) reported sales of $595.19 million during the same quarter last year, which suggests a positive year over year growth rate of 9.7%. The company is expected to announce its next earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that Greenbrier Companies, Inc. (The) will report full year sales of $652.97 million for the current fiscal year, with estimates ranging from $2.16 billion to $2.27 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.29 billion per share, with estimates ranging from $2.11 billion to $2.63 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Greenbrier Companies, Inc. (The).

Several brokerages have weighed in on GBX. Zacks Investment Research cut Greenbrier Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub upgraded Greenbrier Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Buckingham Research raised their price objective on Greenbrier Companies, Inc. (The) from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, October 5th. Cowen and Company raised their price objective on Greenbrier Companies, Inc. (The) from $50.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday, July 4th. Finally, Bank of America Corporation upgraded Greenbrier Companies, Inc. (The) from a “neutral” rating to a “buy” rating and raised their price objective for the company from $49.00 to $59.00 in a research note on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.57.

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Greenbrier Companies, Inc. (NYSE:GBX) opened at 51.65 on Tuesday. Greenbrier Companies, Inc. has a 12-month low of $28.95 and a 12-month high of $52.05. The firm has a market cap of $1.47 billion, a PE ratio of 13.03 and a beta of 1.90. The stock has a 50 day moving average of $47.04 and a 200 day moving average of $45.61.

In other news, VP Anne Manning sold 6,000 shares of Greenbrier Companies, Inc. (The) 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 in the company, valued at approximately $555,760.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Lorie Tekorius sold 4,740 shares of Greenbrier Companies, Inc. (The) stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $48.00, for a total value of $227,520.00. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GBX. Dalton Greiner Hartman Maher & Co. bought a new stake in shares of Greenbrier Companies, Inc. (The) during the 2nd quarter worth $16,001,000. Vanguard Group Inc. raised its stake in shares of Greenbrier Companies, Inc. (The) by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 5,200,115 shares of the transportation company’s stock worth $224,125,000 after purchasing an additional 343,139 shares during the period. Schroder Investment Management Group raised its stake in shares of Greenbrier Companies, Inc. (The) by 35.5% during the 2nd quarter. Schroder Investment Management Group now owns 1,065,422 shares of the transportation company’s stock worth $51,407,000 after purchasing an additional 279,137 shares during the period. LSV Asset Management raised its stake in shares of Greenbrier Companies, Inc. (The) by 261.9% during the 2nd quarter. LSV Asset Management now owns 289,900 shares of the transportation company’s stock worth $13,407,000 after purchasing an additional 209,800 shares during the period. Finally, Brandywine Global Investment Management LLC raised its stake in shares of Greenbrier Companies, Inc. (The) by 106.9% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 229,301 shares of the transportation company’s stock worth $10,606,000 after purchasing an additional 118,476 shares during the period.

Greenbrier Companies, Inc. (The) Company Profile

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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Earnings History and Estimates for Greenbrier Companies, Inc. (The) (NYSE:GBX)

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