Greenbrier Companies (NYSE:GBX) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Greenbrier Companies (NYSE:GBX) released its quarterly earnings results on Wednesday. The transportation company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03, FiscalAI reports. Greenbrier Companies had a net margin of 5.12% and a return on equity of 8.94%. The firm had revenue of $576.50 million during the quarter, compared to the consensus estimate of $612.69 million.

Greenbrier Companies Stock Down 1.9%

NYSE:GBX traded down $0.92 on Wednesday, reaching $48.09. The company’s stock had a trading volume of 887,872 shares, compared to its average volume of 444,002. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 10.39 and a beta of 1.44. Greenbrier Companies has a 12-month low of $38.23 and a 12-month high of $59.19. The stock has a 50 day moving average price of $48.68 and a 200 day moving average price of $50.55.

Analyst Ratings Changes

GBX has been the subject of a number of research analyst reports. Zacks Research raised Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings lowered Greenbrier Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Greenbrier Companies has an average rating of “Hold” and an average price target of $49.00.

Hedge Funds Weigh In On Greenbrier Companies

Hedge funds have recently bought and sold shares of the company. Gen Wealth Partners Inc acquired a new stake in shares of Greenbrier Companies during the fourth quarter worth about $38,000. Quarry LP increased its position 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 during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Greenbrier Companies by 282.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the transportation company’s stock worth $140,000 after purchasing an additional 2,245 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Greenbrier Companies during the 3rd quarter worth about $180,000. Finally, Vestcor Inc acquired a new position in Greenbrier Companies in the third quarter valued at approximately $183,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Greenbrier Companies Company Profile

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.