Analysts Expect Greenbrier Companies Inc (NYSE:GBX) Will Announce Quarterly Sales of $858.55 Million

Equities analysts expect Greenbrier Companies Inc (NYSE:GBX) to announce $858.55 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Greenbrier Companies’ earnings, with the highest sales estimate coming in at $902.59 million and the lowest estimate coming in at $804.65 million. Greenbrier Companies posted sales of $641.39 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 33.9%. The firm is expected to issue its next quarterly earnings report on Friday, July 5th.

On average, analysts expect that Greenbrier Companies will report full-year sales of $3.20 billion for the current fiscal year, with estimates ranging from $3.11 billion to $3.36 billion. For the next year, analysts anticipate that the firm will report sales of $3.11 billion, with estimates ranging from $2.84 billion to $3.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Greenbrier Companies.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data on Friday, April 5th. The transportation company reported $0.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. Greenbrier Companies had a net margin of 3.26% and a return on equity of 6.81%. The firm had revenue of $658.70 million for the quarter, compared to analysts’ expectations of $649.42 million. During the same quarter in the prior year, the business earned $1.02 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis.

A number of research firms have commented on GBX. ValuEngine cut shares of Greenbrier Companies from a “sell” rating to a “strong sell” rating in a research note on Friday, February 22nd. Zacks Investment Research lowered shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Monday, March 18th. Stifel Nicolaus set a $44.00 price objective on shares of Greenbrier Companies and gave the stock a “buy” rating in a research note on Monday, April 22nd. Wells Fargo & Co dropped their price objective on shares of Greenbrier Companies from $43.00 to $36.00 and set a “market perform” rating for the company in a research note on Monday, March 25th. Finally, Cowen reaffirmed a “buy” rating and set a $49.00 price objective on shares of Greenbrier Companies in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $44.25.

In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 7,603 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $35.94, for a total value of $273,251.82. Following the completion of the transaction, the executive vice president now directly owns 63,837 shares in the company, valued at $2,294,301.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin Raymond Baker sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.53, for a total transaction of $71,060.00. Following the completion of the transaction, the senior vice president now owns 26,284 shares of the company’s stock, valued at $933,870.52. The disclosure for this sale can be found here. Insiders own 1.76% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GBX. Cutler Group LP purchased a new stake in shares of Greenbrier Companies during the first quarter worth about $25,000. Marshall Wace North America L.P. purchased a new stake in shares of Greenbrier Companies during the first quarter worth about $51,000. Investors Research Corp purchased a new stake in shares of Greenbrier Companies during the first quarter worth about $74,000. Cambria Investment Management L.P. purchased a new stake in shares of Greenbrier Companies during the first quarter worth about $92,000. Finally, Roosevelt Investment Group Inc. purchased a new stake in shares of Greenbrier Companies during the fourth quarter worth about $226,000. Institutional investors and hedge funds own 96.68% of the company’s stock.

NYSE GBX traded down $0.84 on Thursday, reaching $27.74. 253,213 shares of the stock were exchanged, compared to its average volume of 339,273. Greenbrier Companies has a one year low of $27.14 and a one year high of $64.87. The stock has a market cap of $898.94 million, a price-to-earnings ratio of 6.72, a PEG ratio of 0.81 and a beta of 1.95. The company has a current ratio of 2.56, a quick ratio of 1.41 and a debt-to-equity ratio of 0.35.

Greenbrier Companies Company Profile

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.

See Also: Market Perform

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

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