Greenbrier Companies Sees Strong Trading Volume Following Dividend Announcement (GBX)
Shares of Greenbrier Companies (NYSE:GBX) saw unusually-high trading volume on Friday following a dividend announcement from the company, AnalystRatings.Net reports. Approximately 1,343,700 shares were traded during mid-day trading, an increase of 77% from the previous session’s volume of 761,303 shares.The stock last traded at $67.29 and had previously closed at $64.61.
The newly announced dividend is scheduled for Tuesday, August 5th. Investors of record on Tuesday, July 15th will be paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Friday, July 11th.
A number of research firms have recently commented on GBX. Analysts at DA Davidson reiterated a “buy” rating on shares of Greenbrier Companies in a research note on Thursday. They now have a $75.00 price target on the stock, up previously from $65.00. Separately, analysts at Zacks upgraded shares of Greenbrier Companies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $61.10 price target on the stock. Finally, analysts at KeyCorp set a $64.00 price target on shares of Greenbrier Companies in a research note on Monday, June 16th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Greenbrier Companies currently has a consensus rating of “Buy” and a consensus target price of $58.44.
The stock’s 50-day moving average is $56.71 and its 200-day moving average is $45.23. The company’s market cap is $1.856 billion.
Greenbrier Companies (NYSE:GBX) last announced its earnings results on Wednesday, July 2nd. The company reported $1.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.29. The company had revenue of $593.30 million for the quarter, compared to the consensus estimate of $570.74 million. During the same quarter last year, the company posted $0.50 earnings per share. Greenbrier Companies’s revenue was up 36.8% compared to the same quarter last year. Analysts expect that Greenbrier Companies will post $2.94 EPS for the current fiscal year.
The Greenbrier Companies, Inc (NYSE:GBX), formerly Greenbrier Oregon, Inc, are the designers, manufacturers and marketers of railroad freight car equipment in North America and Europe, a manufacturer and marketer of ocean-going marine barges in North America and a provider of wheel services, railcar refurbishment and parts, leasing and other services to the railroad and related transportation industries in North America.
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