Greenbrier Companies Inc (NYSE:GBX) announced a quarterly dividend on Wednesday, January 8th, Zacks reports. Shareholders of record on Tuesday, January 28th will be given a dividend of 0.27 per share by the transportation company on Tuesday, February 18th. This represents a $1.08 annualized dividend and a yield of 3.96%. The ex-dividend date is Monday, January 27th. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.25.
Greenbrier Companies has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 4 years. Greenbrier Companies has a payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Greenbrier Companies to earn $2.41 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 41.5%.
Shares of NYSE GBX traded down $0.09 during midday trading on Thursday, hitting $27.28. 12,563 shares of the company traded hands, compared to its average volume of 440,070. Greenbrier Companies has a 12-month low of $21.30 and a 12-month high of $44.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.03 and a current ratio of 2.35. The stock has a 50-day moving average price of $30.08 and a 200 day moving average price of $28.55. The firm has a market cap of $898.13 million, a P/E ratio of 9.51, a P/E/G ratio of 1.04 and a beta of 2.15.
Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Wednesday, January 8th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.13). The company had revenue of $769.40 million for the quarter, compared to analysts’ expectations of $748.17 million. Greenbrier Companies had a net margin of 1.90% and a return on equity of 6.29%. Greenbrier Companies’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. As a group, equities analysts expect that Greenbrier Companies will post 2.74 earnings per share for the current year.
In related news, EVP Mark J. Rittenbaum sold 1,774 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $30.26, for a total transaction of $53,681.24. Following the completion of the transaction, the executive vice president now directly owns 69,878 shares of the company’s stock, valued at $2,114,508.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark J. Rittenbaum sold 6,041 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $32.91, for a total transaction of $198,809.31. Following the transaction, the executive vice president now directly owns 63,837 shares of the company’s stock, valued at $2,100,875.67. The disclosure for this sale can be found here. 2.26% of the stock is currently owned by company insiders.
GBX has been the topic of a number of recent analyst reports. Cowen cut their price target on shares of Greenbrier Companies from $42.00 to $38.00 and set an “outperform” rating on the stock in a report on Monday, October 28th. Susquehanna Bancshares downgraded shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $33.00 to $30.00 in a research report on Friday, November 8th. Wells Fargo & Co downgraded shares of Greenbrier Companies from an “equal weight” rating to an “underweight” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, ValuEngine upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Greenbrier Companies presently has an average rating of “Hold” and a consensus price target of $30.29.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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