Greenbrier Companies (GBX) Announces Earnings Results, Beats Estimates By $0.02 EPS

Greenbrier Companies (NYSE:GBX) released its earnings results on Friday. The transportation company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02, Morningstar.com reports. The firm had revenue of $559.50 million for the quarter, compared to analyst estimates of $591.05 million. Greenbrier Companies had a return on equity of 10.75% and a net margin of 5.35%. Greenbrier Companies’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. Greenbrier Companies updated its FY18 guidance to $4.00 EPS.

Greenbrier Companies (GBX) opened at $50.60 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.10 and a quick ratio of 2.15. Greenbrier Companies has a 1 year low of $40.45 and a 1 year high of $54.45. The firm has a market capitalization of $1,450.00, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.40 and a beta of 1.95.

A number of research analysts recently issued reports on the company. ValuEngine raised Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Friday, September 15th. KeyCorp reaffirmed a “buy” rating and set a $60.00 target price on shares of Greenbrier Companies in a report on Tuesday, October 24th. Buckingham Research lifted their target price on Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $60.00 target price (up from $51.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $59.00.

In related news, CEO William A. Furman sold 95,700 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $46.91, for a total value of $4,489,287.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William A. Furman sold 117,652 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $46.91, for a total value of $5,519,055.32. The disclosure for this sale can be found here. Insiders sold a total of 284,830 shares of company stock valued at $13,596,712 in the last quarter. 2.46% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC acquired a new position in shares of Greenbrier Companies in the 2nd quarter valued at $319,000. Piedmont Investment Advisors LLC acquired a new position in shares of Greenbrier Companies in the 2nd quarter valued at $284,000. LSV Asset Management boosted its position in shares of Greenbrier Companies by 261.9% in the 2nd quarter. LSV Asset Management now owns 289,900 shares of the transportation company’s stock valued at $13,407,000 after purchasing an additional 209,800 shares during the period. Voya Investment Management LLC boosted its position in shares of Greenbrier Companies by 9.2% in the 2nd quarter. Voya Investment Management LLC now owns 58,609 shares of the transportation company’s stock valued at $2,711,000 after purchasing an additional 4,950 shares during the period. Finally, Parametrica Management Ltd acquired a new position in shares of Greenbrier Companies in the 3rd quarter valued at $390,000.

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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.

Earnings History for Greenbrier Companies (NYSE:GBX)

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