Greenbrier Companies (NYSE:GBX) Releases Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Greenbrier Companies (NYSE:GBX) released its quarterly earnings results on Friday. The transportation company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.75 by $0.28, Briefing.com reports. Greenbrier Companies had a net margin of 2.77% and a return on equity of 9.13%. The business had revenue of $862.70 million for the quarter, compared to the consensus estimate of $841.58 million. During the same period in the prior year, the company posted $0.99 earnings per share. Greenbrier Companies’s revenue was down 23.1% compared to the same quarter last year. Greenbrier Companies updated its FY 2024 guidance to EPS.

Greenbrier Companies Stock Up 1.5 %

GBX stock opened at $53.16 on Friday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.99 and a beta of 1.66. The company has a current ratio of 1.82, a quick ratio of 0.86 and a debt-to-equity ratio of 1.03. Greenbrier Companies has a 12 month low of $25.41 and a 12 month high of $58.00. The firm has a 50-day moving average price of $49.48 and a 200-day moving average price of $43.72.

Greenbrier Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, April 23rd will be issued a $0.30 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.26%. Greenbrier Companies’s dividend payout ratio (DPR) is currently 35.29%.

Insider Transactions at Greenbrier Companies

In other news, SVP Martin Raymond Baker sold 5,034 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $47.00, for a total value of $236,598.00. Following the completion of the transaction, the senior vice president now owns 53,480 shares of the company’s stock, valued at $2,513,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Wanda F. Felton sold 4,185 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $46.65, for a total value of $195,230.25. Following the completion of the transaction, the director now owns 7,365 shares of the company’s stock, valued at $343,577.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Martin Raymond Baker sold 5,034 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $47.00, for a total transaction of $236,598.00. Following the completion of the transaction, the senior vice president now owns 53,480 shares of the company’s stock, valued at approximately $2,513,560. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,719 shares of company stock valued at $547,803. 2.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Greenbrier Companies by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,668,144 shares of the transportation company’s stock valued at $89,025,000 after buying an additional 55,071 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Greenbrier Companies by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,457,180 shares of the transportation company’s stock worth $79,047,000 after purchasing an additional 74,051 shares during the last quarter. State Street Corp raised its holdings in Greenbrier Companies by 2.8% during the 1st quarter. State Street Corp now owns 1,178,808 shares of the transportation company’s stock worth $60,720,000 after purchasing an additional 32,658 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Greenbrier Companies by 31.9% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,032,460 shares of the transportation company’s stock worth $33,214,000 after purchasing an additional 249,720 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Greenbrier Companies by 5.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 690,729 shares of the transportation company’s stock worth $22,221,000 after purchasing an additional 37,313 shares during the last quarter. Institutional investors own 95.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded shares of Greenbrier Companies from a “c+” rating to a “b” rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.50.

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.