Greenbrier Companies (NYSE:GBX) Releases Quarterly Earnings Results

Greenbrier Companies (NYSE:GBX) announced its earnings results on Wednesday. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.16 by $0.56, Briefing.com reports. The firm had revenue of $875.90 million for the quarter, compared to the consensus estimate of $849.51 million. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS.

Greenbrier Companies Stock Performance

NYSE GBX traded up $0.25 on Wednesday, hitting $60.44. 460,044 shares of the stock were exchanged, compared to its average volume of 386,751. The business’s fifty day moving average is $64.57 and its 200 day moving average is $54.49. Greenbrier Companies has a 52 week low of $41.40 and a 52 week high of $69.12. The company has a market capitalization of $1.90 billion, a PE ratio of 12.16, a P/E/G ratio of 1.96 and a beta of 1.54. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87.

Greenbrier Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.99%. Greenbrier Companies’s dividend payout ratio is presently 24.14%.

Insider Transactions at Greenbrier Companies

In other news, SVP Ricardo Galvan sold 1,388 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $62.00, for a total value of $86,056.00. Following the completion of the sale, the senior vice president now directly owns 32,388 shares of the company’s stock, valued at $2,008,056. This trade represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the chief operating officer now directly owns 48,714 shares in the company, valued at $2,863,408.92. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,703 shares of company stock worth $790,338 in the last ninety days. Insiders own 1.78% of the company’s stock.

Analysts Set New Price Targets

GBX has been the topic of several recent research reports. Bank of America lifted their price target on Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. Susquehanna raised their price target on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.00.

Greenbrier Companies Company Profile

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; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.