Greenbrier Companies (NYSE:GBX) Posts Quarterly Earnings Results

Greenbrier Companies (NYSE:GBX) announced its quarterly earnings results on Friday. The transportation company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $862.70 million during the quarter, compared to the consensus estimate of $841.58 million. During the same quarter last year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was down 23.1% compared to the same quarter last year. Greenbrier Companies updated its FY 2024 guidance to EPS.

Greenbrier Companies Trading Up 1.5 %

Greenbrier Companies stock traded up $0.76 during midday trading on Friday, reaching $53.16. The stock had a trading volume of 945,623 shares, compared to its average volume of 315,986. The company has a quick ratio of 0.86, a current ratio of 1.82 and a debt-to-equity ratio of 1.03. Greenbrier Companies has a 52-week low of $25.41 and a 52-week high of $58.00. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.99 and a beta of 1.66. The company has a fifty day moving average of $49.48 and a 200 day moving average of $43.72.

Greenbrier Companies Dividend Announcement

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

Analysts Set New Price Targets

Separately, TheStreet raised shares of Greenbrier Companies from a “c+” rating to a “b” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $41.50.

Insider Buying and Selling

In related 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 sale, the senior vice president now directly owns 53,480 shares of the company’s stock, valued at approximately $2,513,560. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 transaction, the senior vice president now directly owns 53,480 shares of the company’s stock, valued at $2,513,560. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Brian J. Comstock sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $46.39, for a total transaction of $115,975.00. Following the transaction, the executive vice president now directly owns 80,111 shares in the company, valued at $3,716,349.29. The disclosure for this sale can be found here. Insiders have sold 11,719 shares of company stock valued at $547,803 in the last ninety days. 2.54% of the stock is owned by company insiders.

Hedge Funds Weigh In On Greenbrier Companies

Several institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in Greenbrier Companies by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,434 shares of the transportation company’s stock valued at $638,000 after buying an additional 799 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Greenbrier Companies by 846.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 16,404 shares of the transportation company’s stock valued at $725,000 after acquiring an additional 14,671 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Greenbrier Companies by 5.3% in the fourth quarter. Voloridge Investment Management LLC now owns 216,890 shares of the transportation company’s stock valued at $9,582,000 after acquiring an additional 10,937 shares in the last quarter. Weiss Multi Strategy Advisers LLC acquired a new stake in Greenbrier Companies in the fourth quarter valued at approximately $1,102,000. Finally, Public Sector Pension Investment Board boosted its stake in Greenbrier Companies by 69.1% in the fourth quarter. Public Sector Pension Investment Board now owns 64,546 shares of the transportation company’s stock valued at $2,852,000 after acquiring an additional 26,375 shares in the last quarter. 95.59% of the stock is owned by hedge funds and other institutional investors.

Greenbrier Companies Company Profile

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.