Greenbrier Companies (NYSE:GBX) Announces Earnings Results, Misses Estimates By $0.02 EPS

Greenbrier Companies (NYSE:GBX) posted its quarterly earnings results on Monday. The transportation company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02), Briefing.com reports. 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 during the quarter, compared to analysts’ expectations of $928.73 million. During the same quarter last year, the company earned $1.02 earnings per share. Greenbrier Companies’s revenue for the quarter was down 21.0% on a year-over-year basis.

Greenbrier Companies Price Performance

Shares of NYSE:GBX opened at $45.59 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73. Greenbrier Companies has a one year low of $32.00 and a one year high of $58.00. The business’s fifty day moving average price is $51.11 and its two-hundred day moving average price is $49.67. The stock has a market cap of $1.42 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.62 and a beta of 1.57.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Tuesday, July 23rd will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.63%. Greenbrier Companies’s dividend payout ratio is currently 35.29%.

Insider Activity at Greenbrier Companies

In related news, SVP William Glenn sold 5,800 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $51.87, for a total transaction of $300,846.00. Following the transaction, the senior vice president now owns 33,211 shares of the company’s stock, valued at $1,722,654.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Greenbrier Companies news, SVP William Glenn sold 5,800 shares of Greenbrier Companies stock in a transaction on Friday, April 19th. The shares were sold at an average price of $51.87, for a total value of $300,846.00. Following the transaction, the senior vice president now owns 33,211 shares in the company, valued at approximately $1,722,654.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lorie Tekorius sold 9,642 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $52.00, for a total value of $501,384.00. Following the sale, the chief executive officer now owns 226,611 shares of the company’s stock, valued at approximately $11,783,772. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,376 shares of company stock valued at $1,638,757. 2.54% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on GBX shares. Stephens increased their target price on shares of Greenbrier Companies from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Susquehanna raised their target price on shares of Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Finally, TD Cowen increased their price objective on Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.