Greenbrier Companies Inc. (NYSE:GBX) – KeyCorp raised their FY2017 earnings per share estimates for shares of Greenbrier Companies in a research note issued to investors on Wednesday. KeyCorp analyst S. Barger now expects that the firm will post earnings of $4.17 per share for the year, up from their previous forecast of $3.97.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.03. The firm had revenue of $612.90 million for the quarter. Greenbrier Companies had a return on equity of 23.41% and a net margin of 7.60%. The business’s quarterly revenue was down 14.2% on a year-over-year basis. During the same quarter last year, the business earned $1.49 earnings per share.
GBX has been the topic of a number of other reports. Standpoint Research reaffirmed a “buy” rating on shares of Greenbrier Companies in a research report on Wednesday, July 27th. Cowen and Company reduced their price target on Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating on the stock in a research report on Thursday, July 7th. Zacks Investment Research raised Greenbrier Companies from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, September 6th. Longbow Research downgraded Greenbrier Companies from a “buy” rating to a “neutral” rating in a research report on Monday, June 20th. Finally, Wells Fargo & Co. reaffirmed a “hold” rating and set a $31.00 price target on shares of Greenbrier Companies in a research report on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $35.13.
Greenbrier Companies (NYSE:GBX) traded down 0.25% during trading on Friday, reaching $36.59. The company had a trading volume of 307,603 shares. Greenbrier Companies has a 52 week low of $19.89 and a 52 week high of $42.04. The firm has a market capitalization of $1.03 billion, a P/E ratio of 5.46 and a beta of 2.46. The stock has a 50 day moving average price of $34.46 and a 200 day moving average price of $30.77.
In other news, EVP James T. Sharp sold 3,000 shares of the stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $30.00, for a total transaction of $90,000.00. Following the sale, the executive vice president now directly owns 3,487 shares of the company’s stock, valued at approximately $104,610. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Alejandro Centurion sold 6,000 shares of the stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $31.95, for a total transaction of $191,700.00. Following the sale, the executive vice president now directly owns 12,950 shares in the company, valued at $413,752.50. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.
Several large investors have recently bought and sold shares of GBX. Tower Research Capital LLC TRC purchased a new stake in Greenbrier Companies during the second quarter valued at about $108,000. Teacher Retirement System of Texas raised its stake in Greenbrier Companies by 20.4% in the second quarter. Teacher Retirement System of Texas now owns 3,994 shares of the company’s stock valued at $116,000 after buying an additional 678 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in Greenbrier Companies during the first quarter valued at about $138,000. US Bancorp DE raised its stake in Greenbrier Companies by 35.6% in the second quarter. US Bancorp DE now owns 4,908 shares of the company’s stock valued at $143,000 after buying an additional 1,288 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in Greenbrier Companies during the second quarter valued at about $146,000. 94.55% of the stock is currently owned by institutional investors and hedge funds.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services.
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