Q1 2018 Earnings Forecast for Greenbrier Companies Inc (GBX) Issued By Seaport Global Securities
Greenbrier Companies Inc (NYSE:GBX) – Seaport Global Securities issued their Q1 2018 earnings estimates for shares of Greenbrier Companies in a report released on Thursday. Seaport Global Securities analyst W. Milby expects that the transportation company will post earnings per share of $0.86 for the quarter. Seaport Global Securities has a “Buy” rating and a $65.00 price target on the stock. Seaport Global Securities also issued estimates for Greenbrier Companies’ Q2 2018 earnings at $1.03 EPS, Q3 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $4.16 EPS, Q1 2019 earnings at $1.05 EPS, Q2 2019 earnings at $1.13 EPS, Q3 2019 earnings at $1.13 EPS, Q4 2019 earnings at $1.04 EPS and FY2019 earnings at $4.35 EPS.
Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Friday, January 5th. The transportation company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. Greenbrier Companies had a net margin of 5.35% and a return on equity of 10.75%. The business had revenue of $559.50 million for the quarter, compared to analysts’ expectations of $591.05 million. During the same quarter last year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year.
Several other equities analysts have also recently commented on GBX. ValuEngine raised shares of Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Greenbrier Companies from a “hold” rating to a “strong-buy” rating and set a $58.00 price target on the stock in a research report on Friday, October 6th. Buckingham Research increased their price target on shares of Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, October 5th. Cowen reaffirmed an “outperform” rating and set a $58.00 price target (up previously from $57.00) on shares of Greenbrier Companies in a research report on Thursday, October 5th. Finally, KeyCorp reaffirmed a “buy” rating and set a $60.00 price target on shares of Greenbrier Companies in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $59.00.
Greenbrier Companies (GBX) opened at $50.60 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.15 and a current ratio of 3.10. Greenbrier Companies has a 12-month low of $40.45 and a 12-month high of $54.45. The company has a market cap of $1,450.00, a PE ratio of 13.71, a PEG ratio of 1.34 and a beta of 1.95.
Hedge funds and other institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC lifted its holdings in Greenbrier Companies by 69.1% in the second quarter. Riverhead Capital Management LLC now owns 2,198 shares of the transportation company’s stock worth $102,000 after acquiring an additional 898 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Greenbrier Companies by 872.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,819 shares of the transportation company’s stock worth $130,000 after acquiring an additional 2,529 shares during the last quarter. Macquarie Group Ltd. bought a new position in Greenbrier Companies in the third quarter worth about $265,000. Piedmont Investment Advisors LLC bought a new position in Greenbrier Companies in the second quarter worth about $284,000. Finally, Jennison Associates LLC bought a new position in Greenbrier Companies in the third quarter worth about $285,000.
In other Greenbrier Companies news, CEO William A. Furman sold 95,700 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $46.91, for a total value of $4,489,287.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William A. Furman sold 117,652 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $46.91, for a total transaction of $5,519,055.32. The disclosure for this sale can be found here. Insiders sold 284,830 shares of company stock worth $13,596,712 in the last three months. 2.46% of the stock is currently owned by corporate insiders.
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About Greenbrier Companies
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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