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.
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.
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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