The Greenbrier Companies (NYSE:GBX) released its earnings results on Tuesday. The transportation company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.22), Briefing.com reports. The business had revenue of $403.00 million for the quarter, compared to analyst estimates of $438.25 million. The Greenbrier Companies had a return on equity of 4.46% and a net margin of 1.75%. The business’s revenue for the quarter was down 47.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS.
GBX stock opened at $35.86 on Friday. The Greenbrier Companies has a 1 year low of $12.89 and a 1 year high of $37.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.33 and a current ratio of 1.98. The stock’s 50 day moving average price is $35.41 and its 200 day moving average price is $29.77. The firm has a market cap of $1.18 billion, a P/E ratio of 24.39, a PEG ratio of 6.09 and a beta of 1.63.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 16th. Investors of record on Tuesday, January 26th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Monday, January 25th. The Greenbrier Companies’s payout ratio is currently 51.43%.
Several equities research analysts have recently commented on the company. ValuEngine raised The Greenbrier Companies from a “sell” rating to a “hold” rating in a research note on Thursday, October 1st. Cowen boosted their price target on The Greenbrier Companies from $33.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, December 11th. Zacks Investment Research raised The Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company raised The Greenbrier Companies from an “underweight” rating to an “overweight” rating and set a $40.00 price target on the stock in a research note on Monday, December 14th. Finally, TheStreet lowered The Greenbrier Companies from a “b-” rating to a “c” rating in a research note on Friday, October 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The Greenbrier Companies currently has a consensus rating of “Buy” and an average target price of $32.00.
In other The Greenbrier Companies news, EVP Mark J. Rittenbaum sold 2,000 shares of the stock in a transaction on Monday, December 28th. The stock was sold at an average price of $37.97, for a total transaction of $75,940.00. Following the transaction, the executive vice president now owns 85,104 shares of the company’s stock, valued at approximately $3,231,398.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark J. Rittenbaum sold 4,000 shares of the stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $35.47, for a total value of $141,880.00. Following the transaction, the executive vice president now directly owns 91,104 shares in the company, valued at approximately $3,231,458.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,159 shares of company stock worth $512,747. 2.74% of the stock is owned by corporate insiders.
About The 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; 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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