Greenbrier Companies (GBX) Issues FY19 Earnings Guidance

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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.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings results on Wednesday, January 9th. The transportation company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.06. The business had revenue of $604.50 million during the quarter, compared to the consensus estimate of $559.43 million. Greenbrier Companies had a return on equity of 10.07% and a net margin of 6.02%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. On average, research analysts expect that Greenbrier Companies will post 4.34 EPS for the current year.

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.

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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.

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Earnings History and Estimates for Greenbrier Companies (NYSE:GBX)

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