Greenbrier Companies (NYSE:GBX) Releases Quarterly Earnings Results, Beats Estimates By $0.56 EPS

Greenbrier Companies (NYSE:GBX) announced its quarterly earnings data on Wednesday. The transportation company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56, Briefing.com reports. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. During the same quarter last year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.

Greenbrier Companies Trading Up 0.4 %

NYSE GBX traded up $0.25 on Wednesday, reaching $60.44. The stock had a trading volume of 457,462 shares, compared to its average volume of 363,873. The stock has a fifty day moving average price of $64.57 and a two-hundred day moving average price of $54.49. Greenbrier Companies has a 12-month low of $41.40 and a 12-month high of $69.12. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.96 and a beta of 1.54.

Greenbrier Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 6th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.99%. Greenbrier Companies’s payout ratio is currently 24.14%.

Insiders Place Their Bets

In other Greenbrier Companies news, COO William J. Krueger sold 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the sale, the chief operating officer now directly owns 48,714 shares in the company, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ricardo Galvan sold 1,388 shares of Greenbrier Companies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $62.00, for a total value of $86,056.00. Following the sale, the senior vice president now directly owns 32,388 shares of the company’s stock, valued at $2,008,056. This trade represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,703 shares of company stock worth $790,338 over the last three months. Company insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

GBX has been the topic of several recent research reports. Bank of America boosted their target price on Greenbrier Companies from $42.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, October 24th. Susquehanna lifted their target price on shares of Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Greenbrier Companies presently has an average rating of “Hold” and an average price target of $60.00.

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.