Greenbrier Companies (GBX) Updates FY18 Earnings Guidance
Greenbrier Companies (NYSE:GBX) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share guidance of $4.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.10. The company issued revenue guidance of $2.4-2.6 billion, compared to the consensus revenue estimate of $2.51 billion.
A number of research firms have recently commented on GBX. Seaport Global Securities began coverage on Greenbrier Companies in a research report on Thursday. They set a buy rating and a $65.00 target price for the company. ValuEngine upgraded Greenbrier Companies from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. KeyCorp reiterated a buy rating and set a $60.00 target price on shares of Greenbrier Companies in a research report on Tuesday, October 24th. Zacks Investment Research upgraded Greenbrier Companies from a hold rating to a strong-buy rating and set a $58.00 target price for the company in a research report on Friday, October 6th. Finally, Buckingham Research increased their target price on Greenbrier Companies from $45.00 to $53.00 and gave the company a neutral rating in a research report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $59.00.
Shares of Greenbrier Companies (NYSE:GBX) opened at $52.75 on Friday. The stock has a market capitalization of $1,524.00, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.41 and a beta of 1.95. Greenbrier Companies has a 52-week low of $39.95 and a 52-week high of $54.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.10 and a quick ratio of 2.15.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Wednesday, November 15th were given a $0.23 dividend. The ex-dividend date was Tuesday, November 14th. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 1.74%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 25.14%.
In other news, EVP Alejandro Centurion sold 5,500 shares of Greenbrier Companies stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $52.21, for a total transaction of $287,155.00. Following the completion of the sale, the executive vice president now directly owns 19,593 shares in the company, valued at $1,022,950.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William A. Furman sold 117,652 shares of Greenbrier Companies stock in a transaction on Thursday, November 16th. The stock was 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. Over the last 90 days, insiders sold 284,830 shares of company stock valued at $13,596,712. 2.46% of the stock is owned by corporate insiders.
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.
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