Q3 2022 EPS Estimates for The Greenbrier Companies, Inc. Reduced by KeyCorp (NYSE:GBX)

The Greenbrier Companies, Inc. (NYSE:GBXGet Rating) – Investment analysts at KeyCorp dropped their Q3 2022 EPS estimates for Greenbrier Companies in a research note issued to investors on Wednesday, April 6th. KeyCorp analyst S. Barger now expects that the transportation company will post earnings per share of $0.61 for the quarter, down from their previous estimate of $0.80. KeyCorp also issued estimates for Greenbrier Companies’ Q4 2022 earnings at $0.65 EPS, FY2022 earnings at $1.95 EPS, Q1 2023 earnings at $0.45 EPS, Q2 2023 earnings at $0.42 EPS and Q3 2023 earnings at $1.05 EPS.

Greenbrier Companies (NYSE:GBXGet Rating) last announced its earnings results on Wednesday, April 6th. The transportation company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.19. Greenbrier Companies had a return on equity of 5.57% and a net margin of 3.29%. The business had revenue of $682.80 million during the quarter, compared to analysts’ expectations of $575.76 million. During the same quarter last year, the business posted ($0.28) earnings per share. The company’s quarterly revenue was up 131.0% on a year-over-year basis.

GBX has been the subject of a number of other research reports. Stephens decreased their price target on Greenbrier Companies from $63.00 to $59.00 and set an “overweight” rating for the company in a research report on Thursday, April 7th. StockNews.com assumed coverage on Greenbrier Companies in a research report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet upgraded Greenbrier Companies from a “c+” rating to a “b” rating in a research report on Wednesday, April 6th. Finally, Zacks Investment Research lowered Greenbrier Companies from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $55.50.

NYSE:GBX opened at $44.77 on Monday. The company has a quick ratio of 1.27, a current ratio of 2.10 and a debt-to-equity ratio of 0.86. Greenbrier Companies has a 1-year low of $36.19 and a 1-year high of $53.46. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.81 and a beta of 1.43. The stock has a fifty day simple moving average of $46.73 and a 200 day simple moving average of $44.31.

Institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. purchased a new stake in Greenbrier Companies in the 1st quarter worth about $51,000. Harbour Investments Inc. lifted its stake in Greenbrier Companies by 283.3% in the 4th quarter. Harbour Investments Inc. now owns 1,602 shares of the transportation company’s stock worth $74,000 after acquiring an additional 1,184 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Greenbrier Companies in the 3rd quarter worth about $88,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Greenbrier Companies in the 4th quarter worth about $201,000. Finally, GSA Capital Partners LLP purchased a new stake in Greenbrier Companies in the 4th quarter worth about $207,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 10th. Investors of record on Tuesday, April 19th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Monday, April 18th. Greenbrier Companies’s dividend payout ratio is currently 48.21%.

About Greenbrier Companies (Get Rating)

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; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels.

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Earnings History and Estimates for Greenbrier Companies (NYSE:GBX)

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