The Greenbrier Companies (NYSE:GBX) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Share on StockTwits

The Greenbrier Companies (NYSE:GBX) announced its quarterly earnings results on Tuesday. The transportation company reported ($0.28) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.09, reports. The company had revenue of $295.60 million for the quarter, compared to analysts’ expectations of $375.64 million. The Greenbrier Companies had a net margin of 1.29% and a return on equity of 3.12%. The Greenbrier Companies’s revenue was down 52.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS.

Shares of NYSE:GBX opened at $46.00 on Wednesday. The company’s fifty day moving average price is $47.09 and its 200-day moving average price is $37.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.06 and a quick ratio of 1.37. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 48.94, a PEG ratio of 11.48 and a beta of 1.63. The Greenbrier Companies has a one year low of $15.05 and a one year high of $50.21.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Tuesday, January 26th were given a dividend of $0.27 per share. The ex-dividend date was Monday, January 25th. This represents a $1.08 annualized dividend and a yield of 2.35%. The Greenbrier Companies’s payout ratio is presently 51.43%.

A number of brokerages have issued reports on GBX. Cowen boosted their target price on shares of The Greenbrier Companies from $41.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, February 17th. Zacks Investment Research raised The Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Tuesday, March 2nd. Finally, Wells Fargo & Company raised The Greenbrier Companies from an “underweight” rating to an “overweight” rating and set a $40.00 target price for the company in a report on Monday, December 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $33.50.

In related news, SVP Martin Raymond Baker sold 9,364 shares of The Greenbrier Companies stock in a transaction on Monday, February 8th. The shares were sold at an average price of $40.41, for a total value of $378,399.24. Following the transaction, the senior vice president now directly owns 47,840 shares of the company’s stock, valued at $1,933,214.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William A. Furman purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, February 9th. The shares were purchased at an average price of $43.34 per share, with a total value of $866,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 482,518 shares in the company, valued at $20,912,330.12. The disclosure for this purchase can be found here. Insiders have sold a total of 27,864 shares of company stock valued at $1,178,549 over the last ninety days. 2.74% of the stock is currently owned by insiders.

About The Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels.

Further Reading: What are the most popular ETFs

Earnings History for The Greenbrier Companies (NYSE:GBX)

Receive News & Ratings for The Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Greenbrier Companies and related companies with's FREE daily email newsletter.