Brokerages Anticipate Greenbrier Companies Inc (GBX) Will Announce Quarterly Sales of $625.15 Million

Equities research analysts expect that Greenbrier Companies Inc (NYSE:GBX) will post $625.15 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Greenbrier Companies’ earnings. The lowest sales estimate is $576.00 million and the highest is $680.20 million. Greenbrier Companies reported sales of $566.28 million in the same quarter last year, which indicates a positive year over year growth rate of 10.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 4th.

According to Zacks, analysts expect that Greenbrier Companies will report full year sales of $625.15 million for the current financial year, with estimates ranging from $2.45 billion to $2.69 billion. For the next fiscal year, analysts expect that the business will report sales of $2.44 billion per share, with estimates ranging from $2.40 billion to $2.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Greenbrier Companies.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Friday, January 5th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. The firm had revenue of $559.50 million during the quarter, compared to the consensus estimate of $591.05 million. Greenbrier Companies had a return on equity of 10.71% and a net margin of 5.39%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 EPS.

Several brokerages have recently weighed in on GBX. ValuEngine upgraded Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. KeyCorp restated a “buy” rating and set a $60.00 target price on shares of Greenbrier Companies in a research note on Tuesday, October 24th. Buckingham Research raised their target price on Greenbrier Companies from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, October 5th. Stifel Nicolaus restated a “buy” rating and set a $60.00 target price (up from $51.00) on shares of Greenbrier Companies in a research note on Thursday, October 5th. Finally, 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 note on Friday, October 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.00.

In other news, SVP Martin Raymond Baker sold 6,777 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $51.81, for a total transaction of $351,116.37. Following the transaction, the senior vice president now owns 11,030 shares of the company’s stock, valued at $571,464.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alejandro Centurion sold 5,500 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $52.21, for a total transaction of $287,155.00. Following the transaction, the executive vice president now directly owns 19,593 shares in the company, valued at approximately $1,022,950.53. The disclosure for this sale can be found here. Insiders have sold 289,830 shares of company stock worth $13,856,712 in the last ninety days. Corporate insiders own 2.46% of the company’s stock.

Several hedge funds have recently modified their holdings of GBX. Riverhead Capital Management LLC lifted its position in shares of Greenbrier Companies by 69.1% during the second quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock worth $102,000 after purchasing an additional 898 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Greenbrier Companies by 872.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock worth $130,000 after acquiring an additional 2,529 shares during the last quarter. Macquarie Group Ltd. bought a new position in Greenbrier Companies in the third quarter worth about $265,000. Piedmont Investment Advisors LLC bought a new position in Greenbrier Companies in the second quarter worth about $284,000. Finally, Jennison Associates LLC bought a new position in Greenbrier Companies in the third quarter worth about $285,000.

Shares of Greenbrier Companies (NYSE:GBX) traded down $0.05 during trading on Tuesday, hitting $52.30. The stock had a trading volume of 234,500 shares, compared to its average volume of 501,593. The company has a quick ratio of 2.04, a current ratio of 2.96 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1,480.00, a P/E ratio of 14.17, a PEG ratio of 1.35 and a beta of 1.95. Greenbrier Companies has a 12 month low of $40.45 and a 12 month high of $54.45.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Friday, January 26th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, January 25th. This represents a $0.92 annualized dividend and a dividend yield of 1.76%. Greenbrier Companies’s payout ratio is 24.93%.

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Greenbrier Companies 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 (NYSE:GBX)

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