Shares of The Greenbrier Companies, Inc. (NYSE:GBX – Get Free Report) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $51.45, but opened at $55.90. Greenbrier Companies shares last traded at $56.19, with a volume of 83,072 shares traded.
The transportation company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.32 by $0.60. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Greenbrier Companies had a return on equity of 8.95% and a net margin of 3.51%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share.
Greenbrier Companies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $1.20 annualized dividend and a dividend yield of 2.05%. Greenbrier Companies’s dividend payout ratio is 31.41%.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on GBX
Insider Activity at Greenbrier Companies
In other Greenbrier Companies news, SVP Laurie R. Dornan sold 5,935 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $50.92, for a total value of $302,210.20. Following the transaction, the senior vice president now owns 23,226 shares of the company’s stock, valued at approximately $1,182,667.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.54% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of GBX. Canada Pension Plan Investment Board purchased a new position in shares of Greenbrier Companies during the 2nd quarter valued at $25,000. Hexagon Capital Partners LLC bought a new position in Greenbrier Companies in the 1st quarter worth about $26,000. GAMMA Investing LLC increased its position in shares of Greenbrier Companies by 60.9% during the 3rd quarter. GAMMA Investing LLC now owns 547 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 207 shares during the last quarter. NBC Securities Inc. bought a new position in Greenbrier Companies during the 3rd quarter worth approximately $55,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Greenbrier Companies in the 2nd quarter worth approximately $67,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.
Greenbrier Companies Trading Up 14.0 %
The stock has a market capitalization of $1.83 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 0.60 and a beta of 1.53. The stock has a 50-day moving average price of $49.00 and a two-hundred day moving average price of $49.81. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.85 and a current ratio of 1.73.
About Greenbrier Companies
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; Maintenance Services; and Leasing & Management Services. The Manufacturing segment offers covered hopper cars, gondolas, open top hoppers, boxcars, center partition cars, tank cars, sustainable conversions, double-stack railcars, auto-max ii, multi-max, and multi-max plus products, intermodal cars, automobile transport, coil steel and metals, flat cars, sliding wall cars, pressurized tank cars, and non-pressurized tank cars.
Featured Stories
- Five stocks we like better than Greenbrier Companies
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- A $1.75 Billion Gamble: Can Lucid Ignite Growth?
- Investing In Automotive Stocks
- The Rally in Lockheed Martin and RTX Can Continue: Here’s Why
- What Are Dividend Achievers? An Introduction
- 3 Undervalued Technology Stocks With Big Rebound Potential
Receive News & Ratings for Greenbrier Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greenbrier Companies and related companies with MarketBeat.com's FREE daily email newsletter.