Greenbrier Companies (NYSE:GBX) Issues Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Greenbrier Companies (NYSE:GBX) announced its earnings results on Friday. The transportation company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.28, Briefing.com reports. Greenbrier Companies had a net margin of 2.77% and a return on equity of 9.13%. The firm had revenue of $862.70 million for the quarter, compared to analysts’ expectations of $841.58 million. During the same quarter in the previous year, the business posted $0.99 EPS. The company’s quarterly revenue was down 23.1% on a year-over-year basis. Greenbrier Companies updated its FY 2024 guidance to EPS.

Greenbrier Companies Stock Up 1.5 %

Shares of GBX opened at $53.18 on Friday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.96 and a beta of 1.66. Greenbrier Companies has a 1 year low of $25.41 and a 1 year high of $58.00. The business’s 50 day simple moving average is $49.48 and its 200-day simple moving average is $43.72. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.82 and a quick ratio of 0.86.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Greenbrier Companies from a “c+” rating to a “b” rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.50.

Insider Activity at Greenbrier Companies

In related news, Director Wanda F. Felton sold 4,185 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $46.65, for a total transaction of $195,230.25. Following the sale, the director now owns 7,365 shares in the company, valued at approximately $343,577.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Brian J. Comstock sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $46.39, for a total transaction of $115,975.00. Following the sale, the executive vice president now owns 80,111 shares of the company’s stock, valued at $3,716,349.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wanda F. Felton sold 4,185 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $46.65, for a total value of $195,230.25. Following the completion of the sale, the director now owns 7,365 shares of the company’s stock, valued at $343,577.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,719 shares of company stock worth $547,803. Company insiders own 2.54% of the company’s stock.

Institutional Investors Weigh In On Greenbrier Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in shares of Greenbrier Companies by 6.1% in the third quarter. Public Employees Retirement System of Ohio now owns 6,127 shares of the transportation company’s stock worth $149,000 after purchasing an additional 350 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Greenbrier Companies by 3.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,363 shares of the transportation company’s stock worth $415,000 after purchasing an additional 468 shares during the last quarter. UBS Group AG raised its stake in shares of Greenbrier Companies by 4.5% in the third quarter. UBS Group AG now owns 12,152 shares of the transportation company’s stock worth $295,000 after purchasing an additional 518 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Greenbrier Companies by 3.1% in the first quarter. Ensign Peak Advisors Inc now owns 18,290 shares of the transportation company’s stock worth $588,000 after purchasing an additional 550 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Greenbrier Companies by 6.1% in the first quarter. Bank of Montreal Can now owns 9,785 shares of the transportation company’s stock worth $515,000 after purchasing an additional 566 shares during the last quarter. 95.59% of the stock is currently owned by hedge funds and other institutional investors.

Greenbrier Companies Company Profile

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.