Greenbrier Cos. (GBX) Misses Q4 EPS by 23c, Revenues Beat; Offers FY19 EPS/Revenue Outlook Above Consensus
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Go back to Greenbrier Cos. (GBX) Misses Q4 EPS by 23c, Revenues Beat; Offers FY19 EPS/Revenue Outlook Above Consensus
October 30, 2018 7:05 AM EDT
Mizuho Securities analyst Kristine Kubacki lowered the price target on Greenbrier Companies (NYSE: GBX) to $55.00 (from $62.00) while maintaining a Neutral rating following the company's 4Q earnings report. GBX reported adjusted EPS of $0.80 per share (vs. consensus $1.01), down 7% YoY versus 4Q17 EPS of $0.86. The company... More
October 26, 2018 6:11 AM EDT
The Greenbrier Companies, Inc. (NYSE: GBX) and Saudi Railway Company announced today that they have signed an agreement under which the parties will invest and generate investments totaling 1 billion Saudi riyals (USD $270 million) in the Saudi rail industry. Greenbrier and SAR intend to establish a joint venture company ("JV") in Saudi Arabia to execute railway projects and supply railcars for profitable growth of the Saudi freight rail market.
Together through the JV, Greenbrier and SAR will establish a new multi-modal business centered on creating and maximizing existing and new rail routes for freight... More
