Greenbrier Companies (NYSE:GBX) Posts Earnings Results, Misses Expectations By $0.13 EPS

Greenbrier Companies (NYSE:GBX) released its earnings results on Wednesday. The transportation company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13), Briefing.com reports. The business had revenue of $769.40 million during the quarter, compared to the consensus estimate of $748.17 million. Greenbrier Companies had a net margin of 1.90% and a return on equity of 6.29%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. Greenbrier Companies updated its FY 2020
Pre-Market guidance to 2.60-3.00 EPS and its FY20 guidance to $2.60-3.00 EPS.

Shares of GBX opened at $27.55 on Friday. The firm has a 50-day moving average of $30.22 and a 200-day moving average of $28.58. Greenbrier Companies has a one year low of $21.30 and a one year high of $44.36. The company has a market cap of $911.07 million, a PE ratio of 9.60, a price-to-earnings-growth ratio of 1.07 and a beta of 2.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.35 and a quick ratio of 1.20.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, January 28th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Monday, January 27th. This is an increase from Greenbrier Companies’s previous quarterly dividend of $0.25. Greenbrier Companies’s dividend payout ratio (DPR) is 34.84%.

A number of research analysts recently weighed in on GBX shares. ValuEngine raised shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Cowen decreased their target price on shares of Greenbrier Companies from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, October 28th. Susquehanna Bancshares downgraded shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and decreased their target price for the company from $33.00 to $30.00 in a research report on Friday, November 8th. Zacks Investment Research raised shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, Wells Fargo & Co decreased their target price on shares of Greenbrier Companies from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $30.29.

In other news, EVP Mark J. Rittenbaum sold 6,041 shares of Greenbrier Companies stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $32.91, for a total value of $198,809.31. Following the completion of the transaction, the executive vice president now owns 63,837 shares of the company’s stock, valued at approximately $2,100,875.67. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark J. Rittenbaum sold 1,774 shares of Greenbrier Companies stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $30.26, for a total transaction of $53,681.24. Following the completion of the transaction, the executive vice president now directly owns 69,878 shares of the company’s stock, valued at approximately $2,114,508.28. The disclosure for this sale can be found here. Company insiders own 2.26% of the company’s stock.

About Greenbrier Companies

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.

Featured Article: Outstanding Shares, Buying and Selling Stocks

Earnings History for Greenbrier Companies (NYSE:GBX)

Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.com's FREE daily email newsletter.