Analysts forecast that Greenbrier Companies, Inc. (The) (NYSE:GBX) will announce $587.80 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Greenbrier Companies, Inc. (The)’s earnings, with the lowest sales estimate coming in at $564.50 million and the highest estimate coming in at $615.60 million. Greenbrier Companies, Inc. (The) posted sales of $552.31 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.4%. The business is scheduled to issue its next quarterly earnings report on Friday, January 5th.

According to Zacks, analysts expect that Greenbrier Companies, Inc. (The) will report full year sales of $587.80 million for the current fiscal year, with estimates ranging from $2.42 billion to $2.49 billion. For the next year, analysts forecast that the company will post sales of $2.36 billion per share, with estimates ranging from $2.30 billion to $2.42 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Greenbrier Companies, Inc. (The).

Greenbrier Companies, Inc. (The) (NYSE:GBX) last announced its earnings results on Friday, October 27th. The transportation company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.23. The business had revenue of $611.40 million for the quarter, compared to analyst estimates of $647.98 million. Greenbrier Companies, Inc. (The) had a net margin of 5.35% and a return on equity of 10.75%. During the same period last year, the firm posted $1.06 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year.

Several equities research analysts have commented on the stock. KeyCorp restated a “buy” rating and set a $60.00 target price on shares of Greenbrier Companies, Inc. (The) in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Greenbrier Companies, Inc. (The) from a “hold” rating to a “strong-buy” rating and set a $58.00 target price on the stock in a research report on Friday, October 6th. Buckingham Research boosted their target price on shares of Greenbrier Companies, Inc. (The) from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, October 5th. Cowen and Company restated an “outperform” rating and set a $58.00 target price (up from $57.00) on shares of Greenbrier Companies, Inc. (The) in a research report on Thursday, October 5th. Finally, Stifel Nicolaus restated a “buy” rating and set a $60.00 target price (up from $51.00) on shares of Greenbrier Companies, Inc. (The) in a research report on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.57.

Greenbrier Companies, Inc. (GBX) traded down $1.45 during trading hours on Tuesday, reaching $46.85. 403,100 shares of the company were exchanged, compared to its average volume of 500,826. Greenbrier Companies, Inc. has a 1 year low of $35.25 and a 1 year high of $52.75. The company has a current ratio of 3.10, a quick ratio of 2.15 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1,340.00, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.28 and a beta of 1.99.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Tuesday, November 14th. This is an increase from Greenbrier Companies, Inc. (The)’s previous quarterly dividend of $0.22. Greenbrier Companies, Inc. (The)’s payout ratio is 24.04%.

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In related news, EVP Alejandro Centurion sold 5,500 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.21, for a total value of $287,155.00. Following the completion of the transaction, the executive vice president now owns 19,593 shares of the company’s stock, valued at approximately $1,022,950.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William A. Furman sold 36,648 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $49.55, for a total transaction of $1,815,908.40. The disclosure for this sale can be found here. Insiders have sold a total of 76,218 shares of company stock valued at $3,815,890 in the last ninety days. Corporate insiders own 4.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in GBX. Riverhead Capital Management LLC raised its stake in Greenbrier Companies, Inc. (The) by 69.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 898 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Greenbrier Companies, Inc. (The) by 872.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock valued at $130,000 after purchasing an additional 2,529 shares during the last quarter. US Bancorp DE raised its stake in Greenbrier Companies, Inc. (The) by 18.5% in the 2nd quarter. US Bancorp DE now owns 5,125 shares of the transportation company’s stock valued at $237,000 after purchasing an additional 800 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Greenbrier Companies, Inc. (The) by 79.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,608 shares of the transportation company’s stock valued at $259,000 after purchasing an additional 2,478 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in Greenbrier Companies, Inc. (The) in the 3rd quarter valued at about $265,000.

Greenbrier Companies, Inc. (The) Company Profile

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

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Earnings History and Estimates for Greenbrier Companies, Inc. (The) (NYSE:GBX)

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