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. Stockholders 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 dividend yield of 1.70%. 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 dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Greenbrier Companies to earn $6.25 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 19.2%.

Greenbrier Companies Price Performance

GBX opened at $70.69 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84. The stock has a market capitalization of $2.22 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.98 and a beta of 1.54. The company’s 50 day simple moving average is $65.25 and its 200-day simple moving average is $56.01. Greenbrier Companies has a one year low of $41.40 and a one year high of $71.06.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings data on Wednesday, January 8th. The transportation company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.56. The firm had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. Sell-side analysts anticipate that Greenbrier Companies will post 5.9 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Ricardo Galvan sold 4,950 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.00, for a total value 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 trade represents a 15.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William J. Krueger sold 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the sale, the chief operating officer now directly owns 48,714 shares in the company, 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. 1.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Susquehanna boosted their price objective on Greenbrier Companies from $63.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, October 21st. Bank of America boosted their price target on shares of Greenbrier Companies from $60.00 to $62.00 and gave the stock an “underperform” rating in a research note on Thursday, January 9th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.