Greenbrier Companies Inc (NYSE:GBX) announced a quarterly dividend on Thursday, January 4th, Zacks reports. Shareholders of record on Friday, January 26th will be paid a dividend of 0.23 per share by the transportation company on Friday, February 16th. This represents a $0.92 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Thursday, January 25th.

Greenbrier Companies has raised its dividend payment by an average of 43.1% annually over the last three years. Greenbrier Companies has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Greenbrier Companies to earn $4.10 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 22.4%.

Shares of Greenbrier Companies (NYSE GBX) opened at $52.35 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. Greenbrier Companies has a 1-year low of $40.45 and a 1-year high of $54.45. The firm has a market capitalization of $1,480.95, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.33 and a beta of 1.95.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Friday, January 5th. The transportation company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. Greenbrier Companies had a return on equity of 10.71% and a net margin of 5.39%. The firm had revenue of $559.50 million during the quarter, compared to the consensus estimate of $591.05 million. During the same period last year, the business posted $0.79 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. sell-side analysts predict that Greenbrier Companies will post 4.07 earnings per share for the current year.

In other news, SVP Martin Raymond Baker sold 6,777 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $51.81, for a total value of $351,116.37. Following the completion of the sale, the senior vice president now directly owns 11,030 shares in the company, valued at approximately $571,464.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Alejandro Centurion sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.21, for a total value of $287,155.00. Following the completion of the sale, the executive vice president now owns 19,593 shares of the company’s stock, valued at $1,022,950.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 289,830 shares of company stock valued at $13,856,712. 2.46% of the stock is currently owned by company insiders.

A number of analysts have weighed in on GBX shares. Stifel Nicolaus reiterated a “buy” rating and set a $60.00 price target (up from $51.00) on shares of Greenbrier Companies in a report on Thursday, October 5th. Seaport Global Securities started coverage on Greenbrier Companies in a report on Thursday, January 4th. They set a “buy” rating and a $65.00 price target for the company. KeyCorp reiterated a “buy” rating and set a $60.00 price target on shares of Greenbrier Companies in a report on Tuesday, October 24th. Buckingham Research increased their price target on Greenbrier Companies from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Finally, Cowen restated an “outperform” rating and issued a $58.00 target price (up from $57.00) on shares of Greenbrier Companies in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $59.00.

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Greenbrier Companies Company Profile

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

Dividend History for Greenbrier Companies (NYSE:GBX)

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