Greenbrier Companies Inc (GBX) reported quarterly earnings results on Wednesday, Jul-6-2016. The company said it had a profit of $1.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.08. The company posted revenue of $612.90 million in the period, compared to analysts expectations of $601.12 million. The company’s revenue was down -14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.
Many Wall Street Analysts have commented on Greenbrier Companies Inc. Greenbrier Companies Inc was Downgraded by Longbow to ” Neutral” on Jun 20, 2016.
Greenbrier Companies Inc opened for trading at $29.18 and hit $30.2 on the upside on Friday, eventually ending the session at $29.57, with a gain of 1.51% or 0.44 points. The heightened volatility saw the trading volume jump to 5,03,919 shares. Company has a market cap of $831 M.
In a different news, on Jun 2, 2016, Mark J Rittenbaum (EVP,Commercial,Leasing,Finance) sold 2,135 shares at $28.39 per share price. According to the SEC, on Apr 27, 2016, Martin Raymond Baker (SVP, GC, & Compliance Officer) sold 5,357 shares at $30.67 per share price. On Apr 15, 2016, Alejandro Centurion (EVP and President, GMO) sold 10,000 shares at $31.84 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Companys Manufacturing segment produces double-stack intermodal railcars conventional railcars tank cars and marine vessels. The Wheel Services Refurbishment & Parts segment performs wheel axle and bearing servicing; railcar repair refurbishment and maintenance activities and production and reconditioning of a range of parts for the railroad industry in North America. The Leasing & Services segment owns approximately 11000 railcars and provides management services for approximately 219000 railcars for railroads shippers carriers institutional investors and other leasing and transportation companies in North America.