The Greenbrier Companies, Inc. (NYSE:GBX) to Issue Quarterly Dividend of $0.30

The Greenbrier Companies, Inc. (NYSE:GBX) declared a quarterly dividend on Friday, January 10th,Wall Street Journal reports. Stockholders of record on Wednesday, January 29th will be given a dividend of 0.30 per share by the transportation company on Wednesday, February 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, January 29th.

Greenbrier Companies has raised its dividend by an average of 3.6% per year over the last three years. Greenbrier Companies has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Greenbrier Companies to earn $5.55 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.6%.

Greenbrier Companies Stock Up 3.8 %

Shares of NYSE GBX traded up $2.28 during trading on Friday, reaching $62.72. 630,951 shares of the stock were exchanged, compared to its average volume of 429,602. The business’s 50-day moving average price is $64.59 and its 200 day moving average price is $54.57. Greenbrier Companies has a twelve month low of $41.40 and a twelve month high of $69.12. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.54.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.56. The firm had revenue of $875.90 million for the quarter, compared to analysts’ expectations of $849.51 million. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. As a group, equities analysts forecast that Greenbrier Companies will post 5.2 EPS for the current fiscal year.

Insider Activity at Greenbrier Companies

In other news, SVP Ricardo Galvan sold 1,388 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 32,388 shares in the company, valued at $2,008,056. This trade represents a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO William J. Krueger sold 2,389 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total value of $150,363.66. Following the completion of the transaction, the chief operating officer now owns 50,714 shares in the company, valued at $3,191,939.16. This represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock valued at $790,338 in the last three months. Corporate insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GBX. Susquehanna upped their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a report on Monday, October 21st. Bank of America boosted their target price on Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.00.

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.