The Greenbrier Companies, Inc. (NYSE:GBX) Raises Dividend to $0.32 Per Share

The Greenbrier Companies, Inc. (NYSE:GBX) announced a quarterly dividend on Friday, April 4th, Wall Street Journal reports. Investors of record on Tuesday, April 22nd will be paid a dividend of 0.32 per share by the transportation company on Tuesday, May 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a 6.7% increase from Greenbrier Companies’s previous quarterly dividend of $0.30.

Greenbrier Companies has increased its dividend payment by an average of 3.6% per year over the last three years. Greenbrier Companies has a dividend payout ratio of 19.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Greenbrier Companies to earn $6.25 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 19.2%.

Greenbrier Companies Stock Performance

Shares of NYSE:GBX opened at $45.60 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.84 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $1.43 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.80 and a beta of 1.56. The business has a 50-day moving average price of $57.30 and a two-hundred day moving average price of $59.55. Greenbrier Companies has a 1-year low of $41.40 and a 1-year high of $71.06.

Greenbrier Companies (NYSE:GBX) last released its earnings results on Wednesday, January 8th. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.56. The firm had revenue of $875.90 million for the quarter, compared to analyst estimates of $849.51 million. Greenbrier Companies had a return on equity of 12.10% and a net margin of 5.10%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Equities analysts predict that Greenbrier Companies will post 5.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Bank of America upped their price objective on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a research report on Thursday, January 9th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.00.

Insider Buying and Selling

In related news, COO William J. Krueger sold 2,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $63.21, for a total value of $126,420.00. Following the completion of the transaction, the chief operating officer now owns 42,714 shares of the company’s stock, valued at approximately $2,699,951.94. This trade represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.78% of the stock is owned by corporate insiders.

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; 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.