The Greenbrier Companies (NYSE:GBX) announced its quarterly earnings results on Tuesday. The transportation company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.22), Briefing.com reports. The Greenbrier Companies had a net margin of 1.75% and a return on equity of 4.46%. The firm had revenue of $403.00 million during the quarter, compared to analyst estimates of $438.25 million. During the same quarter in the previous year, the business posted $0.30 EPS. The Greenbrier Companies’s revenue for the quarter was down 47.6% compared to the same quarter last year.
GBX stock opened at $35.86 on Friday. The Greenbrier Companies has a 12 month low of $12.89 and a 12 month high of $37.99. The firm has a market cap of $1.18 billion, a PE ratio of 24.39, a P/E/G ratio of 6.09 and a beta of 1.63. The firm has a 50 day simple moving average of $35.41 and a 200 day simple moving average of $29.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.98 and a quick ratio of 1.33.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 16th. Investors of record on Tuesday, January 26th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Monday, January 25th. The Greenbrier Companies’s dividend payout ratio is presently 51.43%.
In related news, EVP Mark J. Rittenbaum sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 28th. The shares were sold at an average price of $37.97, for a total value of $75,940.00. Following the completion of the sale, the executive vice president now owns 85,104 shares in the company, valued at approximately $3,231,398.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark J. Rittenbaum sold 6,230 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $26.65, for a total transaction of $166,029.50. Following the completion of the sale, the executive vice president now owns 95,033 shares of the company’s stock, valued at approximately $2,532,629.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,159 shares of company stock valued at $512,747. Company insiders own 2.74% of the company’s stock.
Several equities research analysts have commented on GBX shares. TheStreet lowered shares of The Greenbrier Companies from a “b-” rating to a “c” rating in a research note on Friday, October 23rd. Cowen raised their price objective on shares of The Greenbrier Companies from $33.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, December 11th. ValuEngine upgraded shares of The Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Thursday, October 1st. Wells Fargo & Company upgraded shares of The Greenbrier Companies from an “underweight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Monday, December 14th. Finally, Zacks Investment Research upgraded shares of The Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The Greenbrier Companies currently has a consensus rating of “Buy” and a consensus target price of $32.00.
About The 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; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels.
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