Greenbrier Companies (NYSE:GBX) Posts Quarterly Earnings Results, Misses Estimates By $0.13 EPS

Greenbrier Companies (NYSE:GBX) issued its earnings results on Wednesday. The transportation company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.13), Briefing.com reports. The firm had revenue of $769.40 million during the quarter, compared to analyst estimates of $748.17 million. Greenbrier Companies had a net margin of 1.90% and a return on equity of 6.29%. Greenbrier Companies’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Greenbrier Companies updated its FY 2020
Pre-Market guidance to 2.60-3.00 EPS and its FY20 guidance to $2.60-3.00 EPS.

Shares of Greenbrier Companies stock opened at $27.55 on Friday. The firm has a market capitalization of $911.07 million, a PE ratio of 9.60, a price-to-earnings-growth ratio of 1.07 and a beta of 2.15. The company has a current ratio of 2.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $30.22 and its 200 day moving average is $28.58. Greenbrier Companies has a 1 year low of $21.30 and a 1 year high of $44.36.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, January 28th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, January 27th. This is a positive change from Greenbrier Companies’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 3.92%. Greenbrier Companies’s payout ratio is 34.84%.

In related news, EVP Mark J. Rittenbaum sold 6,041 shares of Greenbrier Companies stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $32.91, for a total transaction of $198,809.31. Following the sale, the executive vice president now directly owns 63,837 shares of the company’s stock, valued at approximately $2,100,875.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark J. Rittenbaum sold 1,774 shares of Greenbrier Companies stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $30.26, for a total transaction of $53,681.24. Following the sale, the executive vice president now directly owns 69,878 shares in the company, valued at $2,114,508.28. The disclosure for this sale can be found here. Insiders own 2.26% of the company’s stock.

Several brokerages have recently commented on GBX. Cowen dropped their target price on shares of Greenbrier Companies from $42.00 to $38.00 and set an “outperform” rating for the company in a research report on Monday, October 28th. Zacks Investment Research upgraded shares of Greenbrier Companies from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Susquehanna Bancshares cut shares of Greenbrier Companies from a “positive” rating to a “neutral” rating and dropped their target price for the company from $33.00 to $30.00 in a research report on Friday, November 8th. ValuEngine upgraded shares of Greenbrier Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Co decreased their price target on shares of Greenbrier Companies from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.29.

About Greenbrier Companies

The Greenbrier Companies, Inc designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. The company operates in three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers double-stack intermodal railcars; tank cars; auto-max and multi-max products for the transportation of light vehicles; conventional railcars, such as covered hopper cars, boxcars, center partition cars, bulkhead flat cars, and solid waste service flat cars; pressurized tank cars, non-pressurized tank cars, coil cars, coal cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels, including conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Earnings History for Greenbrier Companies (NYSE:GBX)

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.