The Greenbrier Companies, Inc. Announces Quarterly Dividend of $0.30 (NYSE:GBX)

The Greenbrier Companies, Inc. (NYSE:GBX) announced a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Investors of record on Wednesday, January 29th will be given 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 1.91%. The ex-dividend date is Wednesday, January 29th.

Greenbrier Companies has increased its dividend payment by an average of 3.6% per year over the last three years. Greenbrier Companies has a payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Greenbrier Companies to earn $5.55 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 21.6%.

Greenbrier Companies Stock Up 3.8 %

GBX stock traded up $2.28 during trading on Friday, hitting $62.72. 633,621 shares of the company’s stock traded hands, compared to its average volume of 429,642. The firm has a market capitalization of $1.97 billion, a P/E ratio of 12.62, a PEG ratio of 1.96 and a beta of 1.54. The business has a fifty day simple moving average of $64.59 and a two-hundred day simple moving average of $54.57. Greenbrier Companies has a 1 year low of $41.40 and a 1 year high of $69.12. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.91.

Greenbrier Companies (NYSE:GBX) last posted its earnings results on Wednesday, January 8th. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.16 by $0.56. Greenbrier Companies had a return on equity of 10.86% and a net margin of 4.52%. The firm had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. During the same period last year, the company earned $0.96 earnings per share. Greenbrier Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. Sell-side analysts anticipate that Greenbrier Companies will post 5.2 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Ricardo Galvan sold 1,976 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $58.00, for a total transaction of $114,608.00. Following the completion of the sale, the senior vice president now directly owns 33,776 shares of the company’s stock, valued at $1,959,008. This trade represents a 5.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $117,560.00. Following the sale, the chief operating officer now owns 48,714 shares of the company’s stock, valued at approximately $2,863,408.92. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,703 shares of company stock valued at $790,338 in the last three months. Insiders own 1.78% of the company’s stock.

Analysts Set New Price Targets

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

About Greenbrier Companies

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.