KeyCorp Weighs in on Greenbrier Companies Inc.’s FY2017 Earnings (GBX)
Greenbrier Companies Inc. (NYSE:GBX) – Analysts at KeyCorp raised their FY2017 earnings estimates for Greenbrier Companies in a research report issued to clients and investors on Wednesday. KeyCorp analyst S. Barger now expects that the brokerage will post earnings per share of $4.17 for the year, up from their prior forecast of $3.97.
A number of other equities research analysts also recently weighed in on GBX. Credit Agricole SA started coverage on shares of Greenbrier Companies in a research report on Friday, September 30th. They issued an “underperform” rating and a $35.00 price target for the company. Zacks Investment Research cut shares of Greenbrier Companies from a “hold” rating to a “sell” rating in a research note on Monday, September 19th. Wells Fargo & Co. reissued a “hold” rating and issued a $31.00 price objective on shares of Greenbrier Companies in a research note on Monday, September 19th. Standpoint Research reissued a “buy” rating on shares of Greenbrier Companies in a research note on Wednesday, July 27th. Finally, Cowen and Company decreased their price objective on shares of Greenbrier Companies from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.13.
Greenbrier Companies (NYSE:GBX) opened at 36.59 on Friday. Greenbrier Companies has a 12-month low of $19.89 and a 12-month high of $42.04. The firm has a market cap of $1.03 billion, a P/E ratio of 5.46 and a beta of 2.46. The firm’s 50-day moving average price is $34.46 and its 200 day moving average price is $30.77.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, July 6th. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.03. Greenbrier Companies had a return on equity of 23.41% and a net margin of 7.60%. The firm had revenue of $612.90 million for the quarter. During the same period in the prior year, the company posted $1.49 EPS. The firm’s quarterly revenue was down 14.2% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Greenbrier Companies by 13.3% in the second quarter. Vanguard Group Inc. now owns 4,386,156 shares of the company’s stock valued at $127,769,000 after buying an additional 514,371 shares in the last quarter. BlackRock Fund Advisors raised its position in Greenbrier Companies by 2.3% in the second quarter. BlackRock Fund Advisors now owns 1,698,288 shares of the company’s stock valued at $49,471,000 after buying an additional 38,039 shares during the last quarter. Royal Bank of Canada raised its position in Greenbrier Companies by 9.4% in the first quarter. Royal Bank of Canada now owns 1,510,952 shares of the company’s stock valued at $41,762,000 after buying an additional 129,483 shares during the last quarter. Bank of New York Mellon Corp raised its position in Greenbrier Companies by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 660,958 shares of the company’s stock valued at $19,254,000 after buying an additional 54,711 shares during the last quarter. Finally, Denver Investment Advisors LLC purchased a new position in Greenbrier Companies during the second quarter valued at about $17,577,000. 94.55% of the stock is currently owned by institutional investors.
In related news, EVP James T. Sharp sold 3,000 shares of the business’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $30.00, for a total value of $90,000.00. Following the sale, the executive vice president now owns 3,487 shares of the company’s stock, valued at $104,610. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark J. Rittenbaum sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $32.20, for a total transaction of $161,000.00. Following the completion of the sale, the executive vice president now directly owns 95,357 shares in the company, valued at approximately $3,070,495.40. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by corporate insiders.
About Greenbrier Companies
The Greenbrier Companies, Inc (Greenbrier), formerly Greenbrier Co Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services.
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