Greenbrier Companies (NYSE:GBX) Posts Earnings Results, Beats Expectations By $0.30 EPS

Greenbrier Companies (NYSE:GBX) released its quarterly earnings results on Thursday. The transportation company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.84 by $0.30, Zacks reports. Greenbrier Companies had a net margin of 6.30% and a return on equity of 12.90%.

Greenbrier Companies Stock Up 5.6%

Shares of GBX stock traded up $2.82 during trading hours on Thursday, reaching $53.43. The company had a trading volume of 1,284,795 shares, compared to its average volume of 615,295. The company has a market capitalization of $1.67 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 2.13 and a beta of 1.67. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.38 and a current ratio of 2.43. Greenbrier Companies has a twelve month low of $37.77 and a twelve month high of $71.06. The stock’s fifty day simple moving average is $45.01 and its 200 day simple moving average is $46.37.

Greenbrier Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, November 12th. Greenbrier Companies’s payout ratio is currently 20.32%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Greenbrier Companies in a research note on Wednesday, October 8th. Wall Street Zen cut Greenbrier Companies from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 1st. Susquehanna dropped their target price on Greenbrier Companies from $57.00 to $52.00 and set a “positive” rating for the company in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group assumed coverage on Greenbrier Companies in a research note on Friday, November 21st. They issued a “sell” rating and a $38.00 price target on the stock. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $50.67.

Institutional Investors Weigh In On Greenbrier Companies

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its position in shares of Greenbrier Companies by 1.6% during the second quarter. California State Teachers Retirement System now owns 28,747 shares of the transportation company’s stock worth $1,324,000 after acquiring an additional 454 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Greenbrier Companies by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,229 shares of the transportation company’s stock worth $747,000 after purchasing an additional 470 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Greenbrier Companies by 1.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 27,809 shares of the transportation company’s stock valued at $1,280,000 after acquiring an additional 526 shares during the period. Franklin Resources Inc. increased its holdings in shares of Greenbrier Companies by 3.9% during the third quarter. Franklin Resources Inc. now owns 20,846 shares of the transportation company’s stock valued at $962,000 after purchasing an additional 773 shares during the period. Finally, Quarry LP raised its position in shares of Greenbrier Companies by 6,900.0% during the 3rd quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock worth $52,000 after buying an additional 1,104 shares in the last quarter. Institutional investors and hedge funds own 95.59% of the company’s stock.

About Greenbrier Companies

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.