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.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. TheStreet downgraded Greenbrier Companies from a "b-" rating to a "c" rating in a report on Monday, July 11th. StockNews.com downgraded Greenbrier Companies from a "hold" rating to a "sell" rating in a report on Monday, July 11th. Bank of America downgraded Greenbrier Companies from a "buy" rating to a "neutral" rating in a report on Monday, July 11th. Finally, Susquehanna reduced their target price on Greenbrier Companies from $58.00 to $38.00 and set a "positive" rating for the company in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $48.50.
Greenbrier Companies Stock Down 2.2 %
Greenbrier Companies stock traded down $0.73 during mid-day trading on Monday, hitting $32.95. The company's stock had a trading volume of 219,428 shares, compared to its average volume of 391,507. The firm's 50 day moving average is $34.00 and its 200 day moving average is $40.97. The company has a market cap of $1.07 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 3.29 and a beta of 1.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.95 and a quick ratio of 1.12. Greenbrier Companies has a 52-week low of $28.01 and a 52-week high of $53.46.
Greenbrier Companies (NYSE:GBX - Get Rating) last announced its quarterly earnings data 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 business had revenue of $793.50 million during the quarter, compared to analysts' expectations of $736.13 million. Greenbrier Companies had a return on equity of 4.18% and a net margin of 2.23%. The firm's revenue was up 76.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. On average, analysts anticipate that Greenbrier Companies will post 1.46 earnings per share for the current year.
Greenbrier Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, July 28th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, July 27th. Greenbrier Companies's dividend payout ratio is currently 62.07%.
Insider Buying and Selling
In other Greenbrier Companies news, Director Antonio O. Garza acquired 8,195 shares of Greenbrier Companies stock in a transaction that occurred on Tuesday, August 2nd. The stock was purchased at an average cost of $30.50 per share, with a total value of $249,947.50. Following the purchase, the director now owns 12,972 shares in the company, valued at $395,646. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $32.11, for a total value of $1,919,150.48. Following the transaction, the chairman now directly owns 660,191 shares of the company's stock, valued at approximately $21,198,733.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Antonio O. Garza bought 8,195 shares of the company's stock in a transaction on Tuesday, August 2nd. The stock was purchased at an average cost of $30.50 per share, for a total transaction of $249,947.50. Following the completion of the transaction, the director now owns 12,972 shares in the company, valued at $395,646. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 242,566 shares of company stock valued at $7,603,400. Corporate insiders own 3.35% of the company's stock.
