Greenbrier Companies (GBX) Set to Announce Earnings on Wednesday

Greenbrier Companies (NYSE:GBX) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Greenbrier Companies to post earnings of $1.32 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Greenbrier Companies Stock Down 0.7 %

GBX opened at $51.70 on Tuesday. The business has a 50 day moving average of $48.75 and a 200-day moving average of $49.80. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 0.60 and a beta of 1.53. The company has a current ratio of 1.73, a quick ratio of 0.85 and a debt-to-equity ratio of 0.98. Greenbrier Companies has a 1-year low of $32.00 and a 1-year high of $58.00.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio (DPR) is presently 31.41%.

Insider Transactions at Greenbrier Companies

In related news, SVP Laurie R. Dornan sold 5,935 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $50.92, for a total value of $302,210.20. Following the sale, the senior vice president now owns 23,226 shares of the company’s stock, valued at $1,182,667.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GBX. Susquehanna upped their price objective on shares of Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research report on Monday. StockNews.com cut Greenbrier Companies from a “hold” rating to a “sell” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.33.

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.