According to Zacks, “Greenbrier Companies Inc., is a leading supplier of transportation equipment and services to the railroad and related industries. The company’s manufacturing segment produces double-stack intermodal railcars, conventional railcars and marine vessels, and performs repair and refurbishment activities for both intermodal and conventional railcars. It also engages in complementary leasing and services activities. Greenbrier Europe is an end-to-end freight railcar manufacturing, engineering and repair business with operations in Poland & Romania that serves customers across Europe and in the Middle East. Greenbrier builds freight railcars & rail castings in Brazil through two separate strategic partnerships. It is a leading provider of wheel services, railcar management & regulatory compliance services and leasing services to railroads in North America. Greenbrier offers freight railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership with Watco Companies, LLC. “
Several other research analysts have also weighed in on GBX. Cowen restated an outperform rating and set a $42.00 price objective (down from $48.00) on shares of Greenbrier Companies in a research note on Thursday, July 18th. Stifel Nicolaus lowered their price objective on shares of Greenbrier Companies from $44.00 to $36.00 and set a buy rating on the stock in a research note on Wednesday, July 3rd. Buckingham Research lowered shares of Greenbrier Companies from a neutral rating to an underperform rating and lowered their price objective for the stock from $34.00 to $21.00 in a research note on Wednesday, July 24th. Bank of America reiterated an underperform rating and issued a $28.00 price target (down previously from $34.00) on shares of Greenbrier Companies in a research note on Wednesday, July 3rd. Finally, Wells Fargo & Co decreased their price target on shares of Greenbrier Companies from $36.00 to $30.00 and set a market perform rating on the stock in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $37.25.
Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Tuesday, July 2nd. The transportation company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.07). The firm had revenue of $856.20 million for the quarter, compared to analyst estimates of $863.24 million. Greenbrier Companies had a return on equity of 5.81% and a net margin of 2.38%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.30 earnings per share. As a group, analysts expect that Greenbrier Companies will post 3.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, July 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.28%. Greenbrier Companies’s payout ratio is presently 24.21%.
Several large investors have recently made changes to their positions in GBX. Norges Bank bought a new stake in shares of Greenbrier Companies during the 4th quarter worth approximately $21,503,000. Intrinsic Edge Capital Management LLC bought a new stake in shares of Greenbrier Companies during the 2nd quarter worth approximately $11,989,000. Dimensional Fund Advisors LP lifted its holdings in shares of Greenbrier Companies by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,723,030 shares of the transportation company’s stock worth $107,669,000 after acquiring an additional 260,043 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Greenbrier Companies during the 2nd quarter worth approximately $4,565,000. Finally, Marshall Wace LLP bought a new stake in shares of Greenbrier Companies during the 2nd quarter worth approximately $3,597,000. Hedge funds and other institutional investors own 94.39% of the company’s stock.
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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