Greenbrier Companies (NYSE:GBX) Announces Quarterly Earnings Results

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

Greenbrier Companies Price Performance

Greenbrier Companies stock opened at $53.18 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.82 and a quick ratio of 0.86. The company has a market capitalization 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. Greenbrier Companies has a one year low of $25.41 and a one year high of $58.00. The business has a 50 day simple moving average of $49.48 and a 200 day simple moving average of $43.72.

Analyst Upgrades and Downgrades

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

Insider Activity at Greenbrier Companies

In related news, Director Wanda F. Felton sold 4,185 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $46.65, for a total transaction of $195,230.25. Following the completion of the sale, the director now directly owns 7,365 shares of the company’s stock, valued at approximately $343,577.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Martin Raymond Baker sold 5,034 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was 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 directly owns 53,480 shares of the company’s stock, valued at approximately $2,513,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wanda F. Felton sold 4,185 shares of Greenbrier Companies stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $46.65, for a total value of $195,230.25. Following the completion of the sale, the director now directly owns 7,365 shares of the company’s stock, valued at $343,577.25. The disclosure for this sale can be found here. Insiders sold 11,719 shares of company stock valued at $547,803 in the last three months. Corporate insiders own 2.54% of the company’s stock.

Institutional Investors Weigh In On Greenbrier Companies

Several hedge funds and other institutional investors have recently made changes to their positions in GBX. JPMorgan Chase & Co. boosted its position in shares of Greenbrier Companies by 16.9% in the 1st quarter. JPMorgan Chase & Co. now owns 24,285 shares of the transportation company’s stock worth $1,251,000 after purchasing an additional 3,506 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Greenbrier Companies by 6.1% in the 1st quarter. Bank of Montreal Can now owns 9,785 shares of the transportation company’s stock worth $515,000 after purchasing an additional 566 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Greenbrier Companies by 35.4% in the 1st quarter. MetLife Investment Management LLC now owns 16,455 shares of the transportation company’s stock worth $848,000 after purchasing an additional 4,303 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Greenbrier Companies by 2.9% in the 1st quarter. Rhumbline Advisers now owns 95,561 shares of the transportation company’s stock worth $4,922,000 after purchasing an additional 2,737 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Greenbrier Companies by 14.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,058 shares of the transportation company’s stock worth $1,445,000 after purchasing an additional 3,460 shares during the last quarter. 95.59% of the stock is owned by institutional investors and hedge funds.

Greenbrier Companies Company Profile

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.