The Greenbrier Companies, Inc. (NYSE:GBX) Plans Quarterly Dividend of $0.30

The Greenbrier Companies, Inc. (NYSE:GBX) declared a quarterly dividend on Friday, January 10th,Wall Street Journal reports. Shareholders of record on Wednesday, January 29th will be paid 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 yield of 1.91%. The ex-dividend date of this dividend is Wednesday, January 29th.

Greenbrier Companies has increased its dividend payment by an average of 3.6% annually over the last three years. Greenbrier Companies has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Research 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

NYSE GBX traded up $2.28 during trading on Friday, reaching $62.72. 630,951 shares of the company’s stock were exchanged, compared to its average volume of 429,602. The business has a 50 day moving average price of $64.59 and a 200-day moving average price of $54.57. The stock has a market capitalization of $1.97 billion, a P/E ratio of 12.62, a PEG ratio of 1.96 and a beta of 1.54. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.58 and a quick ratio of 0.87. Greenbrier Companies has a fifty-two week low of $41.40 and a fifty-two week high of $69.12.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings data 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. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The company had revenue of $875.90 million during the quarter, compared to analysts’ expectations of $849.51 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Sell-side analysts forecast that Greenbrier Companies will post 5.2 earnings per share for the current fiscal year.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, SVP Ricardo Galvan sold 4,950 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $65.00, for a total transaction of $321,750.00. Following the sale, the senior vice president now owns 27,472 shares of the company’s stock, valued at approximately $1,785,680. This represents a 15.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO William J. Krueger sold 2,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the chief operating officer now directly owns 48,714 shares in the company, valued at $2,863,408.92. This trade represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,703 shares of company stock worth $790,338 over the last three months. Company insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GBX shares. Bank of America boosted their price target on Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a research note on Thursday. Susquehanna boosted their price target on Greenbrier Companies from $63.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.00.

About 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; 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.