Greenbrier Companies Inc. (NYSE:GBX) – Analysts at KeyCorp increased their FY2017 earnings estimates for Greenbrier Companies in a report issued on Wednesday. KeyCorp analyst S. Barger now expects that the brokerage will post earnings of $4.17 per share for the year, up from their previous forecast of $3.97.
Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, July 6th. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.03. The company earned $612.90 million during the quarter. Greenbrier Companies had a return on equity of 23.41% and a net margin of 7.60%. The business’s revenue was down 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.49 earnings per share.
A number of other analysts have also commented on GBX. Zacks Investment Research lowered Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. Standpoint Research reaffirmed a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Cowen and Company decreased their price objective on Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, July 7th. Credit Agricole SA began coverage on Greenbrier Companies in a research note on Friday, September 30th. They set an “underperform” rating and a $35.00 price objective on the stock. Finally, Wells Fargo & Co. reaffirmed a “hold” rating and set a $31.00 price objective on shares of Greenbrier Companies in a research note on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.13.
Greenbrier Companies (NYSE:GBX) opened at 36.59 on Friday. Greenbrier Companies has a 52-week low of $19.89 and a 52-week high of $42.04. The firm has a market capitalization of $1.03 billion, a P/E ratio of 5.46 and a beta of 2.46. The firm has a 50-day moving average price of $34.46 and a 200 day moving average price of $30.77.
Several large investors have recently made changes to their positions in the stock. Mount Lucas Management LP increased its stake in shares of Greenbrier Companies by 11.3% in the first quarter. Mount Lucas Management LP now owns 30,863 shares of the company’s stock valued at $853,000 after buying an additional 3,136 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Greenbrier Companies during the first quarter valued at approximately $2,229,000. Legal & General Group Plc increased its stake in shares of Greenbrier Companies by 24.5% in the first quarter. Legal & General Group Plc now owns 6,632 shares of the company’s stock valued at $184,000 after buying an additional 1,307 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Greenbrier Companies during the first quarter valued at approximately $3,549,000. Finally, Royce & Associates LP bought a new stake in shares of Greenbrier Companies during the first quarter valued at approximately $3,023,000. Institutional investors and hedge funds own 94.55% of the company’s stock.
In related news, EVP Mark J. Rittenbaum sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $34.75, for a total transaction of $217,187.50. Following the sale, the executive vice president now directly owns 89,107 shares in the company, valued at approximately $3,096,468.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Anne Manning sold 5,000 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $31.25, for a total value of $156,250.00. Following the sale, the vice president now owns 13,920 shares in the company, valued at $435,000. The disclosure for this sale can be found here. 4.60% of the stock is owned by insiders.
Greenbrier Companies Company Profile