Greenbrier Companies (NYSE:GBX) Releases Earnings Results, Beats Expectations By $0.56 EPS

Greenbrier Companies (NYSE:GBX) announced its earnings results on Wednesday. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56, Briefing.com reports. Greenbrier Companies had a net margin of 4.52% and a return on equity of 10.86%. 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 business posted $0.96 earnings per share. Greenbrier Companies’s quarterly revenue was up 8.3% on a year-over-year basis.

Greenbrier Companies Price Performance

Shares of GBX traded up $0.25 during mid-day trading on Wednesday, reaching $60.44. The company had a trading volume of 460,044 shares, compared to its average volume of 386,751. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.96 and a beta of 1.54. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.87 and a current ratio of 1.58. The company’s 50 day simple moving average is $64.57 and its 200 day simple moving average is $54.49. Greenbrier Companies has a 1-year low of $41.40 and a 1-year high of $69.12.

Greenbrier Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Wednesday, November 6th. Greenbrier Companies’s dividend payout ratio is presently 24.14%.

Insider Activity at Greenbrier Companies

In other Greenbrier Companies news, SVP Ricardo Galvan sold 1,976 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $58.00, for a total transaction of $114,608.00. Following the sale, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at $1,959,008. The trade was a 5.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO William J. Krueger sold 2,389 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $62.94, for a total transaction of $150,363.66. Following the completion of the sale, the chief operating officer now directly owns 50,714 shares in the company, valued at approximately $3,191,939.16. This represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,703 shares of company stock valued at $790,338 in the last quarter. Insiders own 1.78% of the company’s stock.

Wall Street Analyst Weigh In

GBX has been the subject of a number of analyst reports. Bank of America lifted their price target on shares of Greenbrier Companies from $42.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, October 24th. Susquehanna increased their target price on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.00.

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.