Greenbrier Companies (NYSE:GBX) Posts Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Greenbrier Companies (NYSE:GBX) released its earnings results on Friday. The transportation company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.75 by $0.28, Briefing.com reports. Greenbrier Companies had a net margin of 2.77% and a return on equity of 9.13%. The company had revenue of $862.70 million during the quarter, compared to analysts’ expectations of $841.58 million. During the same quarter last year, the business earned $0.99 EPS. The business’s revenue was down 23.1% on a year-over-year basis. Greenbrier Companies updated its FY 2024 guidance to EPS.

Greenbrier Companies Price Performance

Shares of GBX traded up $0.76 during trading hours on Friday, reaching $53.16. The company had a trading volume of 945,623 shares, compared to its average volume of 315,986. The firm has a 50 day simple moving average of $49.48 and a 200-day simple moving average of $43.72. The company has a current ratio of 1.82, a quick ratio of 0.86 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.99 and a beta of 1.66. Greenbrier Companies has a 12-month low of $25.41 and a 12-month high of $58.00.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 23rd will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.26%. Greenbrier Companies’s dividend payout ratio is presently 35.29%.

Insider Activity

In other news, SVP Martin Raymond Baker sold 5,034 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $47.00, for a total value of $236,598.00. Following the completion of the transaction, the senior vice president now owns 53,480 shares in the company, valued at approximately $2,513,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Martin Raymond Baker sold 5,034 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $47.00, for a total value of $236,598.00. Following the completion of the transaction, the senior vice president now owns 53,480 shares in the company, valued at approximately $2,513,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wanda F. Felton sold 4,185 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $46.65, for a total transaction of $195,230.25. Following the completion of the transaction, the director now owns 7,365 shares of the company’s stock, valued at approximately $343,577.25. The disclosure for this sale can be found here. Insiders sold 11,719 shares of company stock worth $547,803 in the last 90 days. 2.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Greenbrier Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GBX. Point72 Asset Management L.P. acquired a new position in Greenbrier Companies during the second quarter worth about $32,000. Samalin Investment Counsel LLC acquired a new position in shares of Greenbrier Companies in the first quarter valued at approximately $39,000. First Horizon Advisors Inc. raised its position in shares of Greenbrier Companies by 3,407.9% in the first quarter. First Horizon Advisors Inc. now owns 1,333 shares of the transportation company’s stock valued at $43,000 after buying an additional 1,295 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Greenbrier Companies by 160.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,382 shares of the transportation company’s stock valued at $82,000 after buying an additional 2,082 shares during the last quarter. Finally, Natixis acquired a new position in shares of Greenbrier Companies in the fourth quarter valued at approximately $111,000. Institutional investors and hedge funds own 95.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Greenbrier Companies from a “c+” rating to a “b” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Greenbrier Companies currently has a consensus rating of “Hold” and a consensus target price of $41.50.

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.