Greenbrier Companies (NYSE:GBX) Posts Quarterly 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 for the quarter, missing the consensus estimate of $1.08 by ($0.02), Briefing.com reports. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The firm had revenue of $820.20 million for the quarter, compared to the consensus estimate of $928.73 million. During the same quarter in the previous year, the company posted $1.02 EPS. The firm’s revenue was down 21.0% compared to the same quarter last year.

Greenbrier Companies Trading Up 3.3 %

Shares of NYSE GBX opened at $45.59 on Wednesday. The business has a fifty day moving average price of $51.11 and a 200 day moving average price of $49.67. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.73 and a quick ratio of 0.85. Greenbrier Companies has a 1-year low of $32.00 and a 1-year high of $58.00. The stock has a market capitalization of $1.42 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 0.62 and a beta of 1.57.

Greenbrier Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 23rd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, July 23rd. Greenbrier Companies’s dividend payout ratio is 35.29%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GBX shares. Stephens raised their price objective on 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 objective on shares of Greenbrier Companies from $56.00 to $63.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Finally, TD Cowen lifted their price objective on Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Greenbrier Companies has a consensus rating of “Hold” and a consensus target price of $54.00.

Insider Activity

In related news, CEO Lorie Tekorius sold 9,642 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $52.00, for a total transaction of $501,384.00. Following the sale, the chief executive officer now directly owns 226,611 shares of the company’s stock, valued at $11,783,772. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Lorie Tekorius sold 9,642 shares of Greenbrier Companies stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $52.00, for a total transaction of $501,384.00. Following the transaction, the chief executive officer now owns 226,611 shares in the company, valued at $11,783,772. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Brian J. Comstock sold 10,000 shares of Greenbrier Companies stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $52.48, for a total value of $524,800.00. Following the transaction, the executive vice president now owns 70,111 shares in the company, valued at approximately $3,679,425.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,376 shares of company stock valued at $1,638,757. Company insiders own 2.54% 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. 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.