Greenbrier Companies (NYSE:GBX) Issues Earnings Results, Misses Estimates By $0.02 EPS

Greenbrier Companies (NYSE:GBX) announced its quarterly earnings results on Monday. The transportation company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02), Briefing.com reports. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The business had revenue of $820.20 million for the quarter, compared to analyst estimates of $928.73 million. During the same quarter last year, the firm posted $1.02 EPS. The company’s revenue was down 21.0% compared to the same quarter last year.

Greenbrier Companies Stock Up 3.3 %

Shares of Greenbrier Companies stock opened at $45.59 on Wednesday. The stock’s fifty day moving average is $51.19 and its 200-day moving average is $49.65. The firm has a market capitalization of $1.42 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.62 and a beta of 1.57. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98. Greenbrier Companies has a 12-month low of $32.00 and a 12-month high of $58.00.

Greenbrier Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, July 23rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Tuesday, July 23rd. Greenbrier Companies’s dividend payout ratio (DPR) is presently 35.29%.

Insider Transactions at Greenbrier Companies

In other news, SVP Martin Raymond Baker sold 4,480 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $52.40, for a total transaction of $234,752.00. Following the sale, the senior vice president now directly owns 49,000 shares of the company’s stock, valued at $2,567,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Martin Raymond Baker sold 4,480 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $52.40, for a total transaction of $234,752.00. Following the transaction, the senior vice president now directly owns 49,000 shares of the company’s stock, valued at $2,567,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William Glenn sold 5,800 shares of the company’s stock in a transaction on Friday, April 19th. The shares were sold at an average price of $51.87, for a total value of $300,846.00. Following the transaction, the senior vice president now directly owns 33,211 shares in the company, valued at $1,722,654.57. The disclosure for this sale can be found here. Insiders have sold 31,376 shares of company stock valued at $1,638,757 over the last three months. Company insiders own 2.54% of the company’s stock.

Analyst Ratings Changes

GBX has been the subject of a number of analyst reports. Stephens boosted their price target on Greenbrier Companies from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Susquehanna boosted their price objective on Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Finally, TD Cowen boosted their price objective on Greenbrier Companies from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Greenbrier Companies presently has a consensus rating of “Hold” and a consensus target price of $54.00.

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.