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. The Wheels, Repair & Parts segment provides wheel services, including reconditioning of wheels and axles, new axle machining and finishing, and downsizing; operates a railcar repair, refurbishment, and maintenance network; and reconditions and manufactures railcar cushioning units, couplers, yokes, side frames, bolsters, and various other parts, as well as produces roofs, doors, and associated parts for boxcars. The Leasing & Services segment offers operating leases and 'per diem' leases for a fleet of approximately 8,800 railcars; and management services comprising railcar maintenance management, railcar accounting services, fleet management and logistics, administration, and railcar remarketing. This segment owns or provides management services to a fleet of approximately 444,000 railcars for railroads, shippers, carriers, institutional investors, and other leasing and transportation companies. The company serves railroads, leasing companies, financial institutions, shippers, carriers, and transportation companies. The Greenbrier Companies, Inc. was founded in 1974 and is headquartered in Lake Oswego, Oregon.
Greenbrier Companies Stock Down 1.6 %
Shares of NYSE:GBX opened at $30.36 on Friday. The firm's 50-day simple moving average is $35.23 and its 200 day simple moving average is $41.24. The company has a market cap of $989.43 million, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 2.97 and a beta of 1.34. The company has a quick ratio of 1.12, a current ratio of 1.95 and a debt-to-equity ratio of 0.84. Greenbrier Companies has a 12-month low of $28.01 and a 12-month high of $53.46.
Greenbrier Companies (NYSE:GBX - Get Rating) last issued its quarterly earnings results on Monday, July 11th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.58). The company had revenue of $793.50 million for the quarter, compared to analyst estimates of $736.13 million. Greenbrier Companies had a return on equity of 4.18% and a net margin of 2.23%. The firm's quarterly revenue was up 76.3% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. On average, research analysts expect that Greenbrier Companies will post 1.46 earnings per share for the current fiscal year.
Greenbrier Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Thursday, July 28th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $1.08 dividend on an annualized basis and a yield of 3.56%. Greenbrier Companies's payout ratio is presently 62.07%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on GBX. StockNews.com lowered shares of Greenbrier Companies from a "hold" rating to a "sell" rating in a research report on Monday, July 11th. TheStreet downgraded shares of Greenbrier Companies from a "b-" rating to a "c" rating in a research note on Monday, July 11th. Bank of America downgraded shares of Greenbrier Companies from a "buy" rating to a "neutral" rating in a research note on Monday, July 11th. Finally, Susquehanna reduced their target price on shares of Greenbrier Companies from $58.00 to $38.00 and set a "positive" rating on the stock in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $48.50.
Insider Buying and Selling at Greenbrier Companies
In other Greenbrier Companies news, Chairman William A. Furman sold 59,768 shares of the company's stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $32.11, for a total transaction of $1,919,150.48. Following the transaction, the chairman now directly owns 660,191 shares in the company, valued at approximately $21,198,733.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Greenbrier Companies news, Chairman William A. Furman sold 59,768 shares of the company's stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $32.11, for a total transaction of $1,919,150.48. Following the transaction, the chairman now directly owns 660,191 shares in the company, valued at approximately $21,198,733.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman William A. Furman sold 62,993 shares of the company's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $30.27, for a total transaction of $1,906,798.11. Following the transaction, the chairman now owns 344,959 shares in the company, valued at $10,441,908.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 242,566 shares of company stock worth $7,603,400. Company insiders own 3.35% of the company's stock.
