Greenbrier Companies Inc (NYSE:GBX) announced a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.25 per share by the transportation company on Wednesday, December 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, November 12th.
Shares of NYSE GBX opened at $31.17 on Friday. The firm has a fifty day moving average price of $29.90 and a 200-day moving average price of $29.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.31 and a quick ratio of 1.20. The stock has a market cap of $1.05 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.22 and a beta of 2.12. Greenbrier Companies has a 1 year low of $21.30 and a 1 year high of $50.38.
Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Friday, October 25th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.07). The firm had revenue of $914.20 million during the quarter, compared to analysts’ expectations of $957.40 million. Greenbrier Companies had a return on equity of 6.95% and a net margin of 2.34%. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. On average, research analysts expect that Greenbrier Companies will post 2.8 EPS for the current year.
Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 29th. ValuEngine raised shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Greenbrier Companies in a research note on Friday, October 25th. Cowen cut their target price on shares of Greenbrier Companies from $42.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, October 28th. Finally, Susquehanna Bancshares cut shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and cut their target price for the company from $33.00 to $30.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $35.89.
In other Greenbrier Companies news, EVP Mark J. Rittenbaum sold 6,041 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $32.91, for a total transaction of $198,809.31. Following the completion of the transaction, the executive vice president now owns 63,837 shares in the company, valued at $2,100,875.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark J. Rittenbaum sold 1,774 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $30.26, for a total transaction of $53,681.24. Following the transaction, the executive vice president now owns 69,878 shares of the company’s stock, valued at approximately $2,114,508.28. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.
About Greenbrier Companies
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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