Greenbrier Companies Inc (NYSE:GBX) declared a quarterly dividend on Monday, July 13th, Wall Street Journal reports. Investors of record on Wednesday, July 29th will be given a dividend of 0.27 per share by the transportation company on Wednesday, August 19th. This represents a $1.08 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Tuesday, July 28th.
Greenbrier Companies has raised its dividend by an average of 233.3% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Greenbrier Companies has a dividend payout ratio of 97.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Greenbrier Companies to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 74.5%.
NYSE:GBX opened at $25.57 on Tuesday. The firm has a market cap of $819.63 million, a PE ratio of 10.11, a price-to-earnings-growth ratio of 3.51 and a beta of 1.70. The stock has a fifty day moving average price of $22.98 and a 200 day moving average price of $22.24. Greenbrier Companies has a 12-month low of $12.89 and a 12-month high of $34.30. The company has a current ratio of 1.86, a quick ratio of 1.11 and a debt-to-equity ratio of 0.55.
Greenbrier Companies (NYSE:GBX) last released its earnings results on Friday, July 10th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.91. The firm had revenue of $762.60 million during the quarter, compared to analyst estimates of $606.46 million. Greenbrier Companies had a return on equity of 7.06% and a net margin of 2.74%. Greenbrier Companies’s revenue was down 10.9% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. Equities analysts forecast that Greenbrier Companies will post 1.02 EPS for the current year.
GBX has been the subject of a number of recent analyst reports. ValuEngine raised Greenbrier Companies from a “strong sell” rating to a “sell” rating in a report on Friday, May 1st. Wells Fargo & Co lifted their price target on Greenbrier Companies from $17.00 to $22.00 and gave the stock an “underweight” rating in a report on Monday. Cowen lifted their price target on Greenbrier Companies from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, June 9th. Stephens lifted their price target on Greenbrier Companies from $18.00 to $25.00 in a report on Monday. Finally, Susquehanna Bancshares raised Greenbrier Companies from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $13.00 to $24.00 in a report on Monday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Greenbrier Companies has an average rating of “Hold” and an average target price of $25.29.
In other news, CEO William A. Furman bought 100,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $16.52 per share, for a total transaction of $1,652,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.26% of the stock is currently owned by insiders.
Greenbrier Companies Company Profile
The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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