Greenbrier Companies (NYSE:GBX) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $4.20-4.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.28. The company issued revenue guidance of $3.0 billion, compared to the consensus revenue estimate of $2.97 billion.Greenbrier Companies also updated its FY 2019 guidance to $4.20-4.40 EPS.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Greenbrier Companies from a hold rating to a buy rating and set a $54.00 target price on the stock in a research report on Thursday, November 1st. Cowen reissued a buy rating and issued a $65.00 target price on shares of Greenbrier Companies in a research report on Wednesday. Wells Fargo & Co decreased their price target on Greenbrier Companies from $55.00 to $52.00 and set a hold rating for the company in a research note on Monday, October 29th. KeyCorp reduced their target price on Greenbrier Companies from $68.00 to $62.00 and set an overweight rating for the company in a research note on Thursday, November 29th. Finally, Buckingham Research lifted their target price on Greenbrier Companies from $55.00 to $56.00 and gave the stock a neutral rating in a research note on Monday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $59.00.
Shares of NYSE GBX opened at $42.34 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of 0.32. Greenbrier Companies has a 12 month low of $37.44 and a 12 month high of $64.87. The company has a market cap of $1.33 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.88.
In related news, EVP Mark J. Rittenbaum sold 9,954 shares of the business’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $51.30, for a total value of $510,640.20. Following the completion of the sale, the executive vice president now directly owns 64,137 shares in the company, valued at approximately $3,290,228.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.76% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Greenbrier Companies (GBX) Issues FY19 Earnings Guidance” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.tickerreport.com/banking-finance/4066213/greenbrier-companies-gbx-issues-fy19-earnings-guidance.html.
About Greenbrier Companies
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.
Read More: What is the Quick Ratio?
Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.com's FREE daily email newsletter.