Greenbrier Companies (NYSE:GBX) Announces Quarterly Earnings Results

Greenbrier Companies (NYSE:GBX) announced its earnings results on Wednesday. The transportation company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03, FiscalAI reports. Greenbrier Companies had a return on equity of 8.94% and a net margin of 5.12%.The business had revenue of $576.50 million for the quarter, compared to analysts’ expectations of $612.69 million.

Greenbrier Companies Stock Performance

GBX stock traded down $0.92 during trading on Wednesday, reaching $48.09. The company had a trading volume of 887,872 shares, compared to its average volume of 444,002. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 10.39 and a beta of 1.44. Greenbrier Companies has a twelve month low of $38.23 and a twelve month high of $59.19. The firm has a 50-day simple moving average of $48.68 and a 200-day simple moving average of $50.55.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on GBX shares. Zacks Research raised shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings cut Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Greenbrier Companies presently has an average rating of “Hold” and a consensus target price of $49.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gen Wealth Partners Inc purchased a new stake in shares of Greenbrier Companies during the fourth quarter valued at $38,000. Quarry LP raised its position in Greenbrier Companies by 6,900.0% during the third quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 1,104 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Greenbrier Companies by 282.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 2,245 shares during the period. Advisory Services Network LLC purchased a new position in Greenbrier Companies in the third quarter valued at $180,000. Finally, Vestcor Inc acquired a new position in shares of Greenbrier Companies in the third quarter worth about $183,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Company Profile

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.