Greenbrier Companies (NYSE:GBX) Announces Quarterly Earnings Results

Greenbrier Companies (NYSE:GBX) issued its quarterly earnings results on Monday. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.41), FiscalAI reports. Greenbrier Companies had a net margin of 4.07% and a return on equity of 6.49%. The business had revenue of $591.00 million during the quarter, compared to analyst estimates of $605.10 million.

Greenbrier Companies Trading Up 0.5%

GBX traded up $0.18 during trading on Monday, hitting $38.27. 882,501 shares of the company’s stock were exchanged, compared to its average volume of 439,151. Greenbrier Companies has a 1 year low of $37.02 and a 1 year high of $59.19. The stock has a 50 day moving average price of $42.05 and a 200 day moving average price of $46.47. The firm has a market cap of $1.18 billion, a P/E ratio of 11.36 and a beta of 1.45.

Wall Street Analyst Weigh In

GBX has been the subject of a number of recent analyst reports. Susquehanna downgraded Greenbrier Companies from a “positive” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Thursday, July 2nd. Weiss Ratings downgraded Greenbrier Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, September 1st. Finally, Wall Street Zen cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Saturday. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $45.00.

Greenbrier Companies Company Profile

Greenbrier Companies, Inc is a transportation equipment company that designs, manufactures and supplies freight railcars and related services. Its products include covered hopper cars, tank cars, gondolas, boxcars, intermodal equipment and railcars used to transport automobiles and other specialized cargo.

The company also provides railcar leasing and management services, maintenance, refurbishment, wheel services and parts. Through its manufacturing and service operations, Greenbrier supports railroads, leasing companies, shippers and other participants in the North American freight transportation industry.

Founded in 1974 and headquartered in Lake Oswego, Oregon, Greenbrier has expanded its operations beyond the United States, with manufacturing and service activities serving customers in North America and international markets.