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.
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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