Greenbrier Companies (GBX) Updates FY19 Earnings Guidance

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Greenbrier Companies (NYSE:GBX) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.20-4.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.28. The company issued revenue guidance of $3.0 billion, compared to the consensus revenue estimate of $2.97 billion.Greenbrier Companies also updated its FY 2019 guidance to $4.20-4.40 EPS.

A number of brokerages recently issued reports on GBX. Cowen restated a buy rating and issued a $65.00 price target on shares of Greenbrier Companies in a research note on Wednesday. Seaport Global Securities restated a buy rating on shares of Greenbrier Companies in a research note on Wednesday. Zacks Investment Research upgraded shares of Greenbrier Companies from a hold rating to a buy rating and set a $54.00 price target for the company in a research note on Monday, November 19th. KeyCorp lifted their price target on shares of Greenbrier Companies from $65.00 to $68.00 and gave the stock an overweight rating in a research note on Tuesday, September 25th. Finally, Buckingham Research lifted their price target on shares of Greenbrier Companies from $55.00 to $56.00 and gave the stock a neutral rating in a research note on Monday, October 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $59.00.

GBX stock opened at $39.05 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.76 and a quick ratio of 1.86. Greenbrier Companies has a 1-year low of $37.44 and a 1-year high of $64.87. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 1.00 and a beta of 1.88.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, January 9th. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. Greenbrier Companies had a net margin of 6.02% and a return on equity of 10.07%. The firm had revenue of $604.50 million during the quarter, compared to analyst estimates of $559.43 million. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities research analysts predict that Greenbrier Companies will post 4.34 earnings per share for the current fiscal year.

In other news, EVP Mark J. Rittenbaum sold 9,954 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $51.30, for a total transaction of $510,640.20. Following the completion of the transaction, the executive vice president now owns 64,137 shares of the company’s stock, valued at $3,290,228.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.76% of the stock is owned by insiders.

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About Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The 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; 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.

Further Reading: What is the Ex-Dividend Date in Investing?

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

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