Greenbrier Companies (NYSE:GBX) Releases Earnings Results, Misses Estimates By $0.41 EPS

Key Points

• Greenbrier reported quarterly EPS of $0.39, missing the $0.80 analyst consensus by $0.41. Revenue totaled $591.0 million, below expectations of $605.1 million.
• The stock rose 0.5% to $38.27 in Monday trading, with shares near their 52-week low of $37.02 and below both their 50-day and 200-day moving averages.
• Analyst sentiment weakened, with recent downgrades including a move to “sell” and Susquehanna lowering its view to “neutral.” MarketBeat lists an average rating of “Reduce” and a $45.00 price target.

Greenbrier Companies (NYSE:GBX - Get Free Report) issued its quarterly earnings data on Monday. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.41), FiscalAI reports. The firm had revenue of $591.00 million during the quarter, compared to analysts' expectations of $605.10 million. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.

Greenbrier Companies Trading Up 0.5%

NYSE GBX traded up $0.18 on Monday, hitting $38.27. 882,501 shares of the company's stock traded hands, 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 firm's 50-day moving average price is $42.05 and its two-hundred day moving average price is $46.47. The firm has a market capitalization of $1.18 billion, a PE ratio of 11.36 and a beta of 1.45.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded Greenbrier Companies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, September 1st. Wall Street Zen cut Greenbrier Companies from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Susquehanna cut 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. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Greenbrier Companies currently has an average rating of "Reduce" and an average price target of $45.00.

About Greenbrier Companies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.