The Greenbrier Companies, Inc. (GBX) to Issue Quarterly Dividend of $0.30 on February 19th

The Greenbrier Companies, Inc. (NYSE:GBX) announced a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Investors of record on Wednesday, January 29th will be given a dividend of 0.30 per share by the transportation company on Wednesday, February 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Wednesday, January 29th.

Greenbrier Companies has raised its dividend by an average of 3.6% annually over the last three years. Greenbrier Companies has a payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Greenbrier Companies to earn $5.55 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.6%.

Greenbrier Companies Stock Performance

Shares of NYSE:GBX traded up $2.28 during trading on Friday, hitting $62.72. 633,621 shares of the company traded hands, compared to its average volume of 429,642. The business’s fifty day moving average is $64.59 and its 200-day moving average is $54.57. 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 stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.96 and a beta of 1.54. Greenbrier Companies has a one year low of $41.40 and a one year high of $69.12.

Greenbrier Companies (NYSE:GBX) last posted its quarterly earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.56. The business had revenue of $875.90 million during the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, equities analysts predict that Greenbrier Companies will post 5.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Greenbrier Companies

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,388 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.00, for a total transaction of $86,056.00. Following the transaction, the senior vice president now directly owns 32,388 shares in the company, valued at $2,008,056. This trade represents a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO William J. Krueger sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the sale, the chief operating officer now directly owns 48,714 shares of the company’s stock, valued at approximately $2,863,408.92. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,703 shares of company stock worth $790,338. 1.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GBX has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a report on Thursday. Susquehanna raised their price objective on 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $63.00.

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.