The Greenbrier Companies (NYSE:GBX) Announces Quarterly Earnings Results

The Greenbrier Companies (NYSE:GBX) announced its earnings results on Monday. The transportation company reported ($0.28) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.09, reports. The Greenbrier Companies had a return on equity of 3.12% and a net margin of 1.29%. The business had revenue of $295.60 million during the quarter, compared to the consensus estimate of $375.64 million. During the same period in the prior year, the company posted $0.46 EPS. The business’s quarterly revenue was down 52.6% on a year-over-year basis.

Shares of NYSE:GBX traded down $0.79 during midday trading on Wednesday, hitting $45.21. The company had a trading volume of 5,545 shares, compared to its average volume of 410,136. The Greenbrier Companies has a twelve month low of $15.05 and a twelve month high of $50.21. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 48.94, a price-to-earnings-growth ratio of 11.48 and a beta of 1.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.06 and a quick ratio of 1.37. The business’s 50-day simple moving average is $47.09 and its 200-day simple moving average is $37.42.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Stockholders of record on Tuesday, January 26th were given a $0.27 dividend. The ex-dividend date was Monday, January 25th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.39%. The Greenbrier Companies’s dividend payout ratio (DPR) is presently 51.43%.

In other news, CEO William A. Furman purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, February 9th. The stock was acquired at an average price of $43.34 per share, for a total transaction of $866,800.00. Following the acquisition, the chief executive officer now directly owns 482,518 shares of the company’s stock, valued at $20,912,330.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alejandro Centurion sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 10th. The stock was sold at an average price of $44.06, for a total value of $440,600.00. Following the completion of the transaction, the executive vice president now owns 59,722 shares of the company’s stock, valued at $2,631,351.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,864 shares of company stock worth $1,178,549. 2.74% of the stock is currently owned by company insiders.

Several equities research analysts recently commented on the stock. Wells Fargo & Company raised shares of The Greenbrier Companies from an “underweight” rating to an “overweight” rating and set a $40.00 price target for the company in a report on Monday, December 14th. Cowen upped their price target on shares of The Greenbrier Companies from $41.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 17th. Finally, Zacks Investment Research upgraded The Greenbrier Companies from a “sell” rating to a “hold” rating in a report on Tuesday, March 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $33.50.

The 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; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels.

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Earnings History for The Greenbrier Companies (NYSE:GBX)

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