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

The Greenbrier Companies, Inc. (NYSE:GBX) declared a quarterly dividend on Monday, July 8th, Zacks reports. Investors of record on Tuesday, July 23rd will be given a dividend of 0.30 per share by the transportation company on Tuesday, August 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Tuesday, July 23rd.

Greenbrier Companies has raised its dividend by an average of 1.8% per year over the last three years. Greenbrier Companies has a dividend payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Greenbrier Companies to earn $4.40 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 27.3%.

Greenbrier Companies Trading Down 2.5 %

NYSE GBX opened at $47.30 on Monday. 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 52 week low of $32.00 and a 52 week high of $58.00. The firm has a market cap of $1.47 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 0.58 and a beta of 1.57. The company has a 50 day moving average price of $50.28 and a 200 day moving average price of $49.81.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Monday, July 8th. The transportation company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). Greenbrier Companies had a net margin of 3.51% and a return on equity of 8.95%. The company had revenue of $820.20 million for the quarter, compared to analyst estimates of $928.73 million. During the same quarter in the previous year, the company posted $1.02 EPS. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Greenbrier Companies will post 4.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Greenbrier Companies news, SVP Christian Lucky sold 1,454 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $52.94, for a total transaction of $76,974.76. Following the completion of the transaction, the senior vice president now directly owns 7,841 shares in the company, valued at $415,102.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Greenbrier Companies news, SVP Christian Lucky sold 1,454 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $52.94, for a total transaction of $76,974.76. Following the completion of the transaction, the senior vice president now directly owns 7,841 shares in the company, valued at $415,102.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian J. Comstock sold 10,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $52.48, for a total transaction of $524,800.00. Following the transaction, the executive vice president now owns 70,111 shares of the company’s stock, valued at $3,679,425.28. The disclosure for this sale can be found here. 2.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GBX has been the topic of several recent research reports. Stephens upped their price objective on shares of Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Susquehanna increased their price target on shares of Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Finally, TD Cowen increased their price target on shares of Greenbrier Companies from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.