The Greenbrier Companies, Inc. (NYSE:GBX) Declares $0.30 Quarterly Dividend

The Greenbrier Companies, Inc. (NYSE:GBX) declared a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Investors 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 yield of 1.91%. The ex-dividend date of this dividend is Wednesday, January 29th.

Greenbrier Companies has increased its dividend payment 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. 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 Trading Up 3.8 %

NYSE GBX traded up $2.28 on Friday, hitting $62.72. 633,621 shares of the stock were exchanged, compared to its average volume of 429,642. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 1.96 and a beta of 1.54. Greenbrier Companies has a 52-week low of $41.40 and a 52-week high of $69.12. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87. The company’s 50-day moving average price is $64.59 and its two-hundred day moving average price is $54.57.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.56. The company had revenue of $875.90 million during the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.96 earnings per share. Research analysts predict that Greenbrier Companies will post 5.2 EPS for the current year.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,976 shares of Greenbrier Companies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $58.00, for a total transaction of $114,608.00. Following the transaction, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at $1,959,008. The trade was a 5.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the sale, the chief operating officer now owns 48,714 shares of the company’s stock, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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