Greenbrier Companies (NYSE:GBX) Trading Down 3.3% Following Weak Earnings

The Greenbrier Companies, Inc. (NYSE:GBX - Get Free Report)'s stock price traded down 3.3% during trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $42.23 and last traded at $43.25. 161,929 shares changed hands during trading, a decline of 55% from the average session volume of 357,920 shares. The stock had previously closed at $44.74.

The transportation company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.09). The company had revenue of $762.10 million for the quarter, compared to the consensus estimate of $898.53 million. Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The firm's revenue for the quarter was down 11.7% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS.

Greenbrier Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.32 per share. This is an increase from Greenbrier Companies's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 3.15%. Greenbrier Companies's dividend payout ratio is presently 20.45%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GBX. Bank of America upped their target price on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an "underperform" rating in a research report on Thursday, January 9th. Susquehanna lowered their price objective on Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating for the company in a research note on Tuesday, April 8th.

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Insider Buying and Selling

In other news, COO William J. Krueger sold 2,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total transaction of $126,420.00. Following the transaction, the chief operating officer now owns 42,714 shares of the company's stock, valued at approximately $2,699,951.94. This represents a 4.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Greenbrier Companies

Several hedge funds have recently bought and sold shares of the business. Stifel Financial Corp lifted its position in shares of Greenbrier Companies by 21.2% in the 3rd quarter. Stifel Financial Corp now owns 9,233 shares of the transportation company's stock worth $470,000 after purchasing an additional 1,614 shares during the period. XTX Topco Ltd acquired a new stake in shares of Greenbrier Companies during the third quarter worth about $296,000. Geode Capital Management LLC grew its position in Greenbrier Companies by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 711,931 shares of the transportation company's stock worth $36,237,000 after purchasing an additional 7,886 shares during the period. Tidal Investments LLC grew its position in Greenbrier Companies by 27.9% during the third quarter. Tidal Investments LLC now owns 5,454 shares of the transportation company's stock valued at $278,000 after buying an additional 1,190 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Greenbrier Companies by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 18,858 shares of the transportation company's stock valued at $990,000 after buying an additional 562 shares in the last quarter. Institutional investors own 95.59% of the company's stock.

Greenbrier Companies Price Performance

The firm has a market cap of $1.27 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.80 and a beta of 1.56. The stock's fifty day moving average price is $53.87 and its 200-day moving average price is $59.05. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 0.84.

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.