Get Stock Quote Here The Greenbrier Companies (GBX) is a publicly traded transportation manufacturing corporation based in Lake Oswego, Oregon, United States. Greenbrier specializes in transportation services, notably barge and railroad car manufacturing, railroad car refurbishment, and railroad car leasing/management services. As of 2015, Greenbrier employs in excess of 10,689 people combined at its operations in Europe, Mexico, Canada, and the United States. Formed in 1981 and publicly traded since 1994, the company generates revenues of USD $2.61 billion. The company has manufacturing facilities in Portland, Oregon, Ĺwidnica, Poland, and three railcar plants in Mexico: Monclova, Sahagun, andTlaxcala.
Greenbrier (GBX) Stock Climbs Despite Q2 Earnings Miss NEW YORK (TheStreet) -- Shares of Greenbrier Cos.(GBX - Get Report) are gaining by 4.44% to $27.74 on heavy trading volume Tuesday afternoon, even though the Lake Oswego, OR-based company posted lower-than-expected results for the 2016 fiscal second quarter. Before today's market open, the railcar maker reported earnings of $1.41 per diluted share, missing analysts' estimates of $1.56 per share. Revenue rose by 6.2% to $669.1 million, but fell short of Wall Street's expectations of $730 million. As a whole, the railway industry has faced difficulties, as energy companies ship less crude oil, coal and loads of fracking sand for drilling oil and natural gas wells, the Wall Street Journal noted. The company received 3,000 new railcar orders valued at $310 million during the quarter, but down 70% from the year prior, according to the Journal. Greenbrier also lowered its delivery estimate for fiscal 2016 to between 20,000 to 22,000 units, trimming 500 off the top end. For the full year, Greenbrier expects earnings per diluted share between $5.70 and $6.10 on revenue exceeding $2.8 billion, in line with analysts' projections for earnings of $5.98 per share on revenue of $2.76 billion. Additionally, the company announced a joint venture with Sumitomo Corp. of Americas to establish an axle-machining facility on the West Coast. About 1.09 million of Greenbrier's shares were traded by this afternoon, above its average volume of 637,138 shares per day. Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock. The primary factors that have impacted its rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, the team also finds weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins. Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. You can view the full analysis from the report here: GBX
Reported before open today (7/6/16) Earnings: EPS $1.12 Revenue $612.9M Estimates: EPS $1.09 Revenue $599.53M Down 9.24% today
Reported before open today (10/25/16) Earnings: EPS $1.06 Revenue $595.2M Estimates: EPS $1.14 Revenue $619.43M Down 4.17% today
Analyst Upgrade/Downgrade Update Brokerage firm: BofA/Merrill Change: Downgrade Previous Rating: Buy Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A
