Greenbrier Companies (NYSE:GBX) Announces Quarterly Earnings Results

Greenbrier Companies (NYSE:GBXGet Free Report) announced its quarterly earnings results on Wednesday. The transportation company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03, FiscalAI reports. The firm had revenue of $576.50 million for the quarter, compared to analyst estimates of $612.69 million. Greenbrier Companies had a net margin of 5.12% and a return on equity of 8.94%.

Greenbrier Companies Price Performance

NYSE GBX traded down $0.92 on Wednesday, reaching $48.09. The stock had a trading volume of 906,101 shares, compared to its average volume of 444,002. The company has a market cap of $1.49 billion, a P/E ratio of 10.39 and a beta of 1.44. The firm has a fifty day moving average of $48.68 and a two-hundred day moving average of $50.55. Greenbrier Companies has a 1-year low of $38.23 and a 1-year high of $59.19.

Institutional Investors Weigh In On Greenbrier Companies

A number of large investors have recently added to or reduced their stakes in GBX. Gen Wealth Partners Inc acquired a new position in Greenbrier Companies during the fourth quarter worth about $38,000. Quarry LP boosted its stake in shares of Greenbrier Companies by 6,900.0% in the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 1,104 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Greenbrier Companies by 282.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 2,245 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Greenbrier Companies during the 3rd quarter valued at approximately $180,000. Finally, Vestcor Inc bought a new stake in shares of Greenbrier Companies during the 3rd quarter valued at approximately $183,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Zacks Research raised shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings lowered shares of Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $49.00.

Get Our Latest Research Report on GBX

Greenbrier Companies Company Profile

(Get Free Report)

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.

Recommended Stories

Earnings History for Greenbrier Companies (NYSE:GBX)

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.