Q3 2022 EPS Estimates for The Greenbrier Companies, Inc. (NYSE:GBX) Decreased by KeyCorp


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The Greenbrier Companies, Inc. (NYSE:GBX) – KeyCorp lowered their Q3 2022 earnings per share (EPS) estimates for The Greenbrier Companies in a research note issued on Tuesday, April 6th. KeyCorp analyst S. Barger now anticipates that the transportation company will earn $0.60 per share for the quarter, down from their prior forecast of $0.65. KeyCorp also issued estimates for The Greenbrier Companies’ Q4 2022 earnings at $0.70 EPS, Q1 2023 earnings at $0.50 EPS, Q2 2023 earnings at $0.58 EPS and FY2023 earnings at $2.85 EPS.

Other analysts also recently issued reports about the stock. Wells Fargo & Company upgraded shares of The Greenbrier Companies from an “underweight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research report on Monday, December 14th. Zacks Investment Research upgraded shares of The Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Tuesday, March 2nd. Finally, Cowen lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $33.50.

Shares of GBX stock opened at $45.35 on Thursday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 48.25, 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 company’s fifty day moving average price is $47.09 and its 200-day moving average price is $37.51. 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 Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Monday, April 5th. The transportation company reported ($0.28) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.09. The firm had revenue of $295.60 million for the quarter, compared to the consensus estimate of $375.64 million. The Greenbrier Companies had a net margin of 1.29% and a return on equity of 3.12%. The company’s revenue was down 52.6% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS.

Several large investors have recently modified their holdings of the business. Everence Capital Management Inc. purchased a new position in shares of The Greenbrier Companies in the 1st quarter worth $284,000. Pacer Advisors Inc. boosted its stake in shares of The Greenbrier Companies by 255.4% during the 1st quarter. Pacer Advisors Inc. now owns 61,339 shares of the transportation company’s stock worth $2,896,000 after purchasing an additional 44,082 shares during the period. Norges Bank purchased a new position in shares of The Greenbrier Companies during the 4th quarter worth about $13,663,000. UBS Asset Management Americas Inc. boosted its stake in shares of The Greenbrier Companies by 17.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 41,876 shares of the transportation company’s stock worth $1,523,000 after purchasing an additional 6,300 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of The Greenbrier Companies by 5.5% during the 4th quarter. JPMorgan Chase & Co. now owns 118,396 shares of the transportation company’s stock worth $4,307,000 after purchasing an additional 6,187 shares during the period. 91.05% of the stock is owned by institutional investors and hedge funds.

In other The Greenbrier Companies news, CEO William A. Furman acquired 20,000 shares of the company’s stock in a transaction on Tuesday, February 9th. The stock was acquired at an average cost of $43.34 per share, with a total value of $866,800.00. Following the purchase, the chief executive officer now directly owns 482,518 shares of the company’s stock, valued at approximately $20,912,330.12. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Alejandro Centurion sold 10,000 shares of The Greenbrier Companies stock in a transaction on Wednesday, February 10th. The stock was sold at an average price of $44.06, for a total transaction of $440,600.00. Following the completion of the transaction, the executive vice president now directly owns 59,722 shares of the company’s stock, valued at $2,631,351.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,864 shares of company stock worth $1,178,549. 2.74% of the stock is currently owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 12th. Shareholders of record on Wednesday, April 21st will be issued a $0.27 dividend. The ex-dividend date is Tuesday, April 20th. This represents a $1.08 dividend on an annualized basis and a yield of 2.38%. The Greenbrier Companies’s dividend payout ratio is currently 51.43%.

The Greenbrier Companies Company Profile

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.

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

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