Greenbrier Companies, Inc. (The) (NYSE:GBX) Announces Quarterly Dividend of $0.34

Greenbrier Companies, Inc. (The) (NYSE:GBX) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.34 per share by the transportation company on Wednesday, December 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, November 10th.

Greenbrier Companies has a dividend payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Greenbrier Companies to earn $4.55 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 29.9%.

Greenbrier Companies Stock Down 3.2%

GBX opened at $41.52 on Friday. Greenbrier Companies has a twelve month low of $36.35 and a twelve month high of $59.19. The company’s 50-day moving average price is $40.99 and its two-hundred day moving average price is $48.00. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.44 and a beta of 1.53. The company has a quick ratio of 1.24, a current ratio of 2.43 and a debt-to-equity ratio of 1.09.

Greenbrier Companies (NYSE:GBX) last issued its quarterly earnings results on Monday, October 26th. The transportation company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.41). The company had revenue of $591.00 million for the quarter, compared to analysts’ expectations of $605.10 million. Greenbrier Companies had a return on equity of 4.85% and a net margin of 3.21%. The company’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. As a group, equities analysts expect that Greenbrier Companies will post 3.30 earnings per share for the current year.

Hedge Funds Weigh In On Greenbrier Companies

Large investors have recently modified their holdings of the business. Atlas FRM LLC purchased a new stake in Greenbrier Companies in the 2nd quarter worth approximately $38,599,688. Donald Smith & CO. Inc. bought a new stake in shares of Greenbrier Companies during the 2nd quarter valued at about $31,987,000. Bank of New York Mellon Corp bought a new stake in shares of Greenbrier Companies during the 2nd quarter valued at about $18,324,000. Empowered Funds LLC purchased a new position in shares of Greenbrier Companies during the second quarter worth about $7,009,000. Finally, De Lisle Partners LLP bought a new position in shares of Greenbrier Companies in the second quarter worth approximately $4,916,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

About Greenbrier Companies

Greenbrier Companies, Inc is a transportation equipment company that designs, manufactures and supplies freight railcars and related services. Its products include covered hopper cars, tank cars, gondolas, boxcars, intermodal equipment and railcars used to transport automobiles and other specialized cargo.

The company also provides railcar leasing and management services, maintenance, refurbishment, wheel services and parts. Through its manufacturing and service operations, Greenbrier supports railroads, leasing companies, shippers and other participants in the North American freight transportation industry.

Founded in 1974 and headquartered in Lake Oswego, Oregon, Greenbrier has expanded its operations beyond the United States, with manufacturing and service activities serving customers in North America and international markets.