The Greenbrier Companies, Inc. (NYSE:GBX) Increases Dividend to $0.32 Per Share

The Greenbrier Companies, Inc. (NYSE:GBX - Get Free Report) announced a quarterly dividend on Friday, April 4th, Wall Street Journal reports. Investors of record on Tuesday, April 22nd will be paid a dividend of 0.32 per share by the transportation company on Tuesday, May 13th. This represents a $1.28 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a 6.7% increase from Greenbrier Companies's previous quarterly dividend of $0.30.

Greenbrier Companies has raised its dividend payment by an average of 3.6% per year over the last three years. Greenbrier Companies has a dividend payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Greenbrier Companies to earn $6.25 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 20.5%.

Greenbrier Companies Stock Up 9.5 %

NYSE:GBX traded up $3.77 on Wednesday, hitting $43.40. The stock had a trading volume of 1,566,900 shares, compared to its average volume of 367,492. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.84 and a current ratio of 1.53. The stock has a market cap of $1.36 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 0.80 and a beta of 1.56. Greenbrier Companies has a 1 year low of $37.84 and a 1 year high of $71.06. The firm's fifty day simple moving average is $55.73 and its two-hundred day simple moving average is $59.35.

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Greenbrier Companies (NYSE:GBX - Get Free Report) last posted its quarterly earnings results on Monday, April 7th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.09). Greenbrier Companies had a net margin of 5.10% and a return on equity of 12.10%. The business had revenue of $762.10 million during the quarter, compared to the consensus estimate of $898.53 million. During the same period last year, the firm earned $1.03 EPS. The business's revenue for the quarter was down 11.7% on a year-over-year basis. Analysts predict that Greenbrier Companies will post 5.9 earnings per share for the current year.

Insider Activity

In other news, COO William J. Krueger sold 2,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $63.21, for a total value of $126,420.00. Following the completion of the sale, the chief operating officer now directly owns 42,714 shares in the company, valued at $2,699,951.94. This represents a 4.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.78% of the company's stock.

Wall Street Analyst Weigh In

GBX has been the subject of several recent analyst reports. Bank of America boosted their target price on Greenbrier Companies from $60.00 to $62.00 and gave the stock an "underperform" rating in a research report on Thursday, January 9th. Susquehanna lowered their target price on shares of Greenbrier Companies from $75.00 to $52.00 and set a "positive" rating on the stock in a research note on Tuesday.

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.