Greenbrier Companies (GBX) Releases FY 2019 Earnings Guidance

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Greenbrier Companies (NYSE:GBX) updated its FY 2019 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 $4.30. The company issued revenue guidance of $3-3 billion, compared to the consensus revenue estimate of $2.97 billion.Greenbrier Companies also updated its FY19 guidance to $4.20-4.40 EPS.

GBX has been the subject of several research reports. Seaport Global Securities reissued a buy rating on shares of Greenbrier Companies in a research report on Wednesday. Cowen reaffirmed a buy rating and issued a $65.00 target price on shares of Greenbrier Companies in a research note on Wednesday. ValuEngine downgraded Greenbrier Companies from a hold rating to a sell rating in a report on Thursday, December 13th. KeyCorp dropped their price objective on Greenbrier Companies from $68.00 to $62.00 and set an overweight rating on the stock in a research report on Thursday, November 29th. Finally, Zacks Investment Research raised Greenbrier Companies from a hold rating to a buy rating and set a $54.00 price objective on the stock in a research note on Monday, November 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $59.00.

Shares of GBX stock opened at $39.05 on Thursday. Greenbrier Companies has a one year low of $37.44 and a one year high of $64.87. The stock has a market cap of $1.33 billion, a PE ratio of 9.46, a P/E/G ratio of 1.00 and a beta of 1.88. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of 0.32.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, January 9th. The transportation company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. The company had revenue of $604.50 million during the quarter, compared to the consensus estimate of $559.43 million. Greenbrier Companies had a net margin of 6.02% and a return on equity of 10.07%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. As a group, analysts anticipate 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 stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $51.30, for a total transaction of $510,640.20. Following the completion of the transaction, the executive vice president now owns 64,137 shares in the company, valued at $3,290,228.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.76% of the stock is currently owned by insiders.

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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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