Greenbrier Companies (NYSE:GBX) Shares Gap Up After Better-Than-Expected Earnings

Greenbrier Companies, Inc. (The) (NYSE:GBX)’s share price gapped up before the market opened on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $47.00, but opened at $53.75. Greenbrier Companies shares last traded at $54.83, with a volume of 699,168 shares traded.

The transportation company reported $1.86 EPS for the quarter, topping the consensus estimate of $0.99 by $0.87. The company had revenue of $842.70 million for the quarter, compared to analyst estimates of $785.72 million. Greenbrier Companies had a net margin of 6.48% and a return on equity of 14.78%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 EPS.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 17th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, July 17th. This represents a $1.28 dividend on an annualized basis and a yield of 2.24%. Greenbrier Companies’s payout ratio is 20.45%.

Wall Street Analyst Weigh In

Separately, Susquehanna upped their price target on shares of Greenbrier Companies from $52.00 to $57.00 and gave the company a “positive” rating in a report on Wednesday.

Insider Buying and Selling at Greenbrier Companies

In other news, COO William J. Krueger sold 4,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $48.00, for a total transaction of $192,000.00. Following the transaction, the chief operating officer directly owned 32,714 shares in the company, valued at $1,570,272. This represents a 10.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in Greenbrier Companies by 147.2% in the fourth quarter. Jones Financial Companies Lllp now owns 8,188 shares of the transportation company’s stock valued at $499,000 after buying an additional 4,876 shares during the period. Northern Trust Corp raised its position in Greenbrier Companies by 20.5% in the fourth quarter. Northern Trust Corp now owns 389,406 shares of the transportation company’s stock valued at $23,750,000 after purchasing an additional 66,185 shares during the period. NBC Securities Inc. raised its position in Greenbrier Companies by 108,700.0% in the first quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 1,087 shares during the period. GAMMA Investing LLC raised its position in Greenbrier Companies by 6,100.3% in the first quarter. GAMMA Investing LLC now owns 38,876 shares of the transportation company’s stock valued at $1,991,000 after purchasing an additional 38,249 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Greenbrier Companies during the 4th quarter valued at about $65,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Price Performance

The company has a market cap of $1.79 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 1.90 and a beta of 1.71. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average price is $45.43 and its 200-day moving average price is $52.99.

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.