Greenbrier Companies (NYSE:GBX) Releases Earnings Results, Misses Estimates By $0.02 EPS

Greenbrier Companies (NYSE:GBXGet Free Report) issued its earnings results on Monday. The transportation company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02), Briefing.com reports. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The company had revenue of $820.20 million during the quarter, compared to analyst estimates of $928.73 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business’s revenue was down 21.0% compared to the same quarter last year.

Greenbrier Companies Stock Down 2.8 %

Shares of NYSE:GBX traded down $1.27 on Wednesday, reaching $44.30. The company had a trading volume of 92,918 shares, compared to its average volume of 339,303. Greenbrier Companies has a twelve month low of $32.00 and a twelve month high of $58.00. The stock has a 50-day moving average price of $51.11 and a 200 day moving average price of $49.67. The stock has a market capitalization of $1.38 billion, a P/E ratio of 13.41, a P/E/G ratio of 0.62 and a beta of 1.57. The company has a quick ratio of 0.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.98.

Greenbrier Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, July 23rd will be given a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.71%. Greenbrier Companies’s dividend payout ratio is currently 35.29%.

Insider Transactions at Greenbrier Companies

In related news, SVP Martin Raymond Baker sold 4,480 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $52.40, for a total transaction of $234,752.00. Following the transaction, the senior vice president now directly owns 49,000 shares in the company, valued at $2,567,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Christian Lucky sold 1,454 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $52.94, for a total value of $76,974.76. Following the sale, the senior vice president now directly owns 7,841 shares in the company, valued at approximately $415,102.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Martin Raymond Baker sold 4,480 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $52.40, for a total value of $234,752.00. Following the completion of the transaction, the senior vice president now directly owns 49,000 shares in the company, valued at $2,567,600. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,376 shares of company stock worth $1,638,757. Company insiders own 2.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GBX shares. Susquehanna lifted their price target on Greenbrier Companies from $56.00 to $63.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Stephens lifted their price objective on Greenbrier Companies from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, TD Cowen lifted their price objective on Greenbrier Companies from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Greenbrier Companies presently has a consensus rating of “Hold” and a consensus price target of $54.00.

Read Our Latest Report on GBX

About Greenbrier Companies

(Get Free Report)

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.

Further Reading

Earnings History for Greenbrier Companies (NYSE:GBX)

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