Greenbrier Companies (NYSE:GBX) Issues Earnings Results

Greenbrier Companies (NYSE:GBX) issued its quarterly earnings data on Friday. The transportation company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.28, Briefing.com reports. The firm had revenue of $862.70 million for the quarter, compared to analyst estimates of $841.58 million. Greenbrier Companies had a net margin of 2.77% and a return on equity of 9.13%. The firm’s revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 EPS. Greenbrier Companies updated its FY 2024 guidance to EPS.

Greenbrier Companies Stock Performance

Shares of Greenbrier Companies stock opened at $53.18 on Friday. The firm has a market cap of $1.65 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.96 and a beta of 1.66. The firm’s 50-day simple moving average is $49.48 and its 200-day simple moving average is $43.72. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.86 and a current ratio of 1.82. Greenbrier Companies has a 1 year low of $25.41 and a 1 year high of $58.00.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Greenbrier Companies from a “c+” rating to a “b” rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.50.

Insider Activity

In related news, SVP Martin Raymond Baker sold 5,034 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $47.00, for a total transaction of $236,598.00. Following the completion of the sale, the senior vice president now owns 53,480 shares of the company’s stock, valued at approximately $2,513,560. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Martin Raymond Baker sold 5,034 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $47.00, for a total transaction of $236,598.00. Following the completion of the sale, the senior vice president now owns 53,480 shares of the company’s stock, valued at approximately $2,513,560. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Wanda F. Felton sold 4,185 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $46.65, for a total transaction of $195,230.25. Following the sale, the director now directly owns 7,365 shares of the company’s stock, valued at approximately $343,577.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,719 shares of company stock worth $547,803. 2.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Greenbrier Companies by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,434 shares of the transportation company’s stock worth $638,000 after purchasing an additional 799 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Greenbrier Companies by 846.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 16,404 shares of the transportation company’s stock worth $725,000 after purchasing an additional 14,671 shares during the last quarter. Voloridge Investment Management LLC grew its position in Greenbrier Companies by 5.3% in the 4th quarter. Voloridge Investment Management LLC now owns 216,890 shares of the transportation company’s stock worth $9,582,000 after purchasing an additional 10,937 shares during the last quarter. Weiss Multi Strategy Advisers LLC bought a new position in Greenbrier Companies in the 4th quarter worth about $1,102,000. Finally, Public Sector Pension Investment Board grew its position in Greenbrier Companies by 69.1% in the 4th quarter. Public Sector Pension Investment Board now owns 64,546 shares of the transportation company’s stock worth $2,852,000 after purchasing an additional 26,375 shares during the last quarter. Institutional investors own 95.59% of the company’s stock.

About Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.