Greenbrier Companies Inc (NYSE:GBX) announced a quarterly dividend on Thursday, January 4th, Zacks reports. Stockholders of record on Friday, January 26th will be given a dividend of 0.23 per share by the transportation company on Friday, February 16th. This represents a $0.92 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, January 25th.
Greenbrier Companies has increased its dividend payment by an average of 43.1% per year over the last three years. Greenbrier Companies has a 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 stock has a market capitalization of $1,480.95, a P/E ratio of 14.15, a PEG ratio of 1.33 and a beta of 1.95. Greenbrier Companies has a one year low of $40.45 and a one year high of $54.45. The company has a quick ratio of 2.04, a current ratio of 2.96 and a debt-to-equity ratio of 0.47.
Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings data on Friday, January 5th. The transportation company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. The business had revenue of $559.50 million during the quarter, compared to analyst estimates of $591.05 million. Greenbrier Companies had a return on equity of 10.71% and a net margin of 5.39%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $0.79 EPS. sell-side analysts predict that Greenbrier Companies will post 4.07 earnings per share for the current fiscal year.
GBX has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 price objective (up from $51.00) on shares of Greenbrier Companies in a research note on Thursday, October 5th. Seaport Global Securities initiated coverage on Greenbrier Companies in a research note on Thursday, January 4th. They issued a “buy” rating and a $65.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Greenbrier Companies in a research note on Tuesday, October 24th. Buckingham Research raised their price objective on Greenbrier Companies from $45.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, October 5th. Finally, Cowen reaffirmed an “outperform” rating and issued a $58.00 price objective (up from $57.00) on shares of Greenbrier Companies in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Greenbrier Companies currently has a consensus rating of “Buy” and a consensus target price of $59.00.
In other news, SVP Martin Raymond Baker sold 6,777 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $51.81, for a total value of $351,116.37. Following the sale, the senior vice president now directly owns 11,030 shares in the company, valued at $571,464.30. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Alejandro Centurion sold 5,500 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was 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 in the company, valued at $1,022,950.53. The disclosure for this sale can be found here. Over the last quarter, insiders sold 289,830 shares of company stock worth $13,856,712. Company insiders own 2.46% of the company’s stock.
WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/20/greenbrier-companies-inc-declares-quarterly-dividend-of-0-23-gbx.html.
About Greenbrier Companies
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.
Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.com's FREE daily email newsletter.