Greenbrier Companies, Inc. (The) (GBX) to Distribute Quarterly Dividend of $0.34 on December 2nd

Greenbrier Companies, Inc. (The) (NYSE:GBX) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.34 per share by the transportation company on Wednesday, December 2nd. This represents a $1.36 annualized dividend and a dividend 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% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Greenbrier Companies stock opened at $41.52 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.24 and a current ratio of 2.43. Greenbrier Companies has a 52 week low of $36.35 and a 52 week high of $59.19. The stock has a market capitalization of $1.29 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53. The stock has a fifty day moving average of $40.99 and a 200-day moving average of $48.00.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Monday, October 26th. The transportation company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.41). Greenbrier Companies had a net margin of 3.21% and a return on equity of 4.85%. The business had revenue of $591.00 million during the quarter, compared to analyst estimates of $605.10 million. During the same period last year, the business earned $1.26 earnings per share. The business’s quarterly revenue was down 22.2% compared to the same quarter last year. On average, sell-side analysts expect that Greenbrier Companies will post 3.30 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Greenbrier Companies

Large investors have recently bought and sold shares of the company. Freestone Grove Partners LP acquired a new position in shares of Greenbrier Companies during the second quarter worth $1,652,000. Engineers Gate Manager LP grew its stake in shares of Greenbrier Companies by 156.9% in the second quarter. Engineers Gate Manager LP now owns 44,730 shares of the transportation company’s stock worth $2,192,000 after purchasing an additional 27,321 shares during the last quarter. Bank of America Corp DE acquired a new stake in Greenbrier Companies in the second quarter valued at $3,928,000. Quantinno Capital Management LP increased its holdings in Greenbrier Companies by 359.1% in the first quarter. Quantinno Capital Management LP now owns 39,563 shares of the transportation company’s stock valued at $2,083,000 after purchasing an additional 30,945 shares during the period. Finally, Squarepoint Ops LLC raised its position in Greenbrier Companies by 424.9% during the 2nd quarter. Squarepoint Ops LLC now owns 55,158 shares of the transportation company’s stock worth $2,703,000 after purchasing an additional 44,649 shares during the last quarter. 95.59% of the stock is currently owned by institutional investors.

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.