Greenbrier Companies Inc (GBX) Expected to Announce Quarterly Sales of $875.39 Million

Brokerages expect Greenbrier Companies Inc (NYSE:GBX) to post sales of $875.39 million for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Greenbrier Companies’ earnings. The highest sales estimate is $938.63 million and the lowest is $831.10 million. Greenbrier Companies posted sales of $641.39 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 36.5%. The business is scheduled to issue its next quarterly earnings report on Friday, July 5th.

According to Zacks, analysts expect that Greenbrier Companies will report full-year sales of $3.23 billion for the current financial year, with estimates ranging from $3.13 billion to $3.36 billion. For the next financial year, analysts expect that the company will report sales of $3.10 billion, with estimates ranging from $2.84 billion to $3.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Greenbrier Companies.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Friday, April 5th. The transportation company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Greenbrier Companies had a net margin of 3.26% and a return on equity of 6.81%. The firm had revenue of $658.70 million during the quarter, compared to analysts’ expectations of $649.42 million. During the same period in the previous year, the company earned $1.02 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Greenbrier Companies from a “buy” rating to a “hold” rating in a report on Friday, January 11th. ValuEngine cut shares of Greenbrier Companies from a “sell” rating to a “strong sell” rating in a report on Friday, February 22nd. Wells Fargo & Co reduced their target price on shares of Greenbrier Companies from $43.00 to $36.00 and set a “market perform” rating for the company in a report on Monday, March 25th. Seaport Global Securities reaffirmed a “buy” rating on shares of Greenbrier Companies in a report on Wednesday, January 9th. Finally, Buckingham Research reduced their target price on shares of Greenbrier Companies from $41.00 to $37.00 and set a “neutral” rating for the company in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $49.25.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC increased its stake in shares of Greenbrier Companies by 160.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 650 shares of the transportation company’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Greenbrier Companies by 39.2% in the third quarter. Riverhead Capital Management LLC now owns 4,970 shares of the transportation company’s stock worth $299,000 after purchasing an additional 1,400 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Greenbrier Companies during the third quarter worth $334,000. Roosevelt Investment Group Inc. bought a new position in shares of Greenbrier Companies during the fourth quarter worth $226,000. Finally, BOKF NA bought a new position in shares of Greenbrier Companies during the fourth quarter worth $229,000.

Shares of GBX traded up $0.96 during mid-day trading on Friday, hitting $33.63. 26,816 shares of the company traded hands, compared to its average volume of 736,350. The company has a quick ratio of 1.41, a current ratio of 2.56 and a debt-to-equity ratio of 0.35. Greenbrier Companies has a 1 year low of $31.12 and a 1 year high of $64.87. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 0.96 and a beta of 1.82.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. Greenbrier Companies’s dividend payout ratio is currently 24.21%.

Greenbrier Companies Company Profile

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.

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

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