$671.75 Million in Sales Expected for The Greenbrier Companies (GBX) This Quarter

Wall Street analysts predict that The Greenbrier Companies (NYSE:GBX) will post $671.75 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for The Greenbrier Companies’ earnings. The lowest sales estimate is $657.70 million and the highest is $695.80 million. The Greenbrier Companies posted sales of $439.16 million during the same quarter last year, which suggests a positive year over year growth rate of 53%. The company is scheduled to report its next quarterly earnings report on Thursday, July 5th.

According to Zacks, analysts expect that The Greenbrier Companies will report full-year sales of $2.54 billion for the current financial year, with estimates ranging from $2.50 billion to $2.59 billion. For the next financial year, analysts forecast that the business will report sales of $2.41 billion per share, with estimates ranging from $2.33 billion to $2.47 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover The Greenbrier Companies.

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The Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Friday, April 6th. The transportation company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.05. The firm had revenue of $629.30 million for the quarter, compared to analysts’ expectations of $612.51 million. The Greenbrier Companies had a net margin of 6.45% and a return on equity of 10.22%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS.

Several research firms have weighed in on GBX. ValuEngine raised shares of The Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Seaport Global Securities began coverage on shares of The Greenbrier Companies in a report on Thursday, January 4th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, Zacks Investment Research cut shares of The Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Monday, March 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $56.75.

The Greenbrier Companies stock opened at $45.80 on Tuesday. The stock has a market capitalization of $1,281.48, a price-to-earnings ratio of 12.18, a P/E/G ratio of 1.13 and a beta of 1.53. The company has a current ratio of 2.82, a quick ratio of 1.95 and a debt-to-equity ratio of 0.45. The Greenbrier Companies has a twelve month low of $41.45 and a twelve month high of $54.45.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 16th. Shareholders of record on Wednesday, April 25th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, April 24th. This is a positive change from The Greenbrier Companies’s previous quarterly dividend of $0.23. The Greenbrier Companies’s dividend payout ratio is presently 24.47%.

In other The Greenbrier Companies news, EVP Alejandro Centurion sold 8,000 shares of the stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $44.67, for a total transaction of $357,360.00. Following the transaction, the executive vice president now owns 15,925 shares in the company, valued at approximately $711,369.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.46% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of The Greenbrier Companies by 128.7% during the 4th quarter. Renaissance Technologies LLC now owns 626,000 shares of the transportation company’s stock worth $33,366,000 after acquiring an additional 352,301 shares in the last quarter. Deutsche Bank AG boosted its position in shares of The Greenbrier Companies by 137.0% during the 4th quarter. Deutsche Bank AG now owns 483,995 shares of the transportation company’s stock worth $25,795,000 after acquiring an additional 279,749 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in shares of The Greenbrier Companies by 40.8% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 541,113 shares of the transportation company’s stock worth $28,841,000 after acquiring an additional 156,742 shares in the last quarter. LSV Asset Management boosted its position in shares of The Greenbrier Companies by 33.9% during the 4th quarter. LSV Asset Management now owns 581,427 shares of the transportation company’s stock worth $30,990,000 after acquiring an additional 147,300 shares in the last quarter. Finally, Polaris Capital Management LLC boosted its position in shares of The Greenbrier Companies by 250.5% during the 4th quarter. Polaris Capital Management LLC now owns 184,010 shares of the transportation company’s stock worth $2,414,000 after acquiring an additional 131,510 shares in the last quarter.

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The Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

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

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