Greenbrier Companies Inc (GBX) Plans Quarterly Dividend of $0.23

Greenbrier Companies Inc (NYSE:GBX) declared a quarterly dividend on Thursday, January 4th, Zacks reports. Investors of record on Friday, January 26th will be paid a dividend of 0.23 per share by the transportation company on Friday, February 16th. This represents a $0.92 annualized dividend and a yield of 1.76%. The ex-dividend date is Thursday, January 25th.

Greenbrier Companies has raised its dividend payment by an average of 43.1% annually over the last three years. Greenbrier Companies has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Greenbrier Companies to earn $4.10 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 22.4%.

Greenbrier Companies (GBX) opened at $52.35 on Friday. Greenbrier Companies has a 1 year low of $40.45 and a 1 year high of $54.45. The firm has a market cap of $1,480.95, a PE ratio of 14.15, a P/E/G ratio of 1.33 and a beta of 1.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.96 and a quick ratio of 2.04.

Greenbrier Companies (NYSE:GBX) last announced its quarterly earnings results on Friday, January 5th. The transportation company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Greenbrier Companies had a net margin of 5.39% and a return on equity of 10.71%. The business had revenue of $559.50 million for the quarter, compared to analysts’ expectations of $591.05 million. During the same quarter last year, the firm earned $0.79 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. equities analysts expect that Greenbrier Companies will post 4.07 earnings per share for the current year.

GBX has been the topic of several recent research reports. ValuEngine raised shares of Greenbrier Companies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $60.00 price target (up previously from $51.00) on shares of Greenbrier Companies in a research report on Thursday, October 5th. KeyCorp reaffirmed a “buy” rating and issued a $60.00 price target on shares of Greenbrier Companies in a research report on Tuesday, October 24th. Cowen reaffirmed an “outperform” rating and issued a $58.00 price target (up previously from $57.00) on shares of Greenbrier Companies in a research report on Thursday, October 5th. Finally, Buckingham Research raised their price target on shares of Greenbrier Companies from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.00.

In other Greenbrier Companies news, EVP Alejandro Centurion sold 5,500 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $52.21, for a total transaction of $287,155.00. Following the transaction, the executive vice president now owns 19,593 shares of the company’s stock, valued at approximately $1,022,950.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Martin Raymond Baker sold 6,777 shares of Greenbrier Companies stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $51.81, for a total transaction of $351,116.37. Following the transaction, the senior vice president now directly owns 11,030 shares in the company, valued at approximately $571,464.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 289,830 shares of company stock worth $13,856,712. Insiders own 2.46% of the company’s stock.

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About Greenbrier Companies

The Greenbrier Companies, Inc is a designer, manufacturer and marketer of railroad freight car equipment in North America and Europe; a manufacturer and marketer of marine barges in North America; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a provider of railcar repair, refurbishment and retrofitting services in North America through a joint venture partnership.

Dividend History for Greenbrier Companies (NYSE:GBX)

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