Greenbrier Companies (NYSE:GBX) Stock Price Down 3.3% After Earnings Miss

The Greenbrier Companies, Inc. (NYSE:GBX)’s stock price traded down 3.3% during mid-day 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 traded hands during mid-day 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $898.53 million. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year.

Greenbrier Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, April 22nd will be given 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 is Tuesday, April 22nd. This represents a $1.28 annualized dividend and a dividend yield of 2.95%. Greenbrier Companies’s dividend payout ratio (DPR) is 20.45%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GBX shares. Susquehanna cut 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. Bank of America upped their price objective on shares of Greenbrier Companies from $60.00 to $62.00 and gave the company an “underperform” rating in a report on Thursday, January 9th.

Insider Transactions at Greenbrier Companies

In other news, COO William J. Krueger sold 2,000 shares of Greenbrier Companies stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $63.21, for a total transaction of $126,420.00. Following the completion of the transaction, the chief operating officer now directly owns 42,714 shares in the company, valued at $2,699,951.94. This trade represents a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Greenbrier Companies

Several large investors have recently added to or reduced their stakes in the business. Quarry LP raised its stake in shares of Greenbrier Companies by 892.7% in the fourth quarter. Quarry LP now owns 407 shares of the transportation company’s stock worth $25,000 after purchasing an additional 366 shares during the last quarter. R Squared Ltd purchased a new stake in Greenbrier Companies in the 4th quarter valued at $26,000. F M Investments LLC purchased a new stake in Greenbrier Companies in the 4th quarter valued at $35,000. Versant Capital Management Inc lifted its stake in Greenbrier Companies by 44.7% during the 1st quarter. Versant Capital Management Inc now owns 690 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 213 shares in the last quarter. Finally, NBC Securities Inc. boosted its holdings in Greenbrier Companies by 108,700.0% during the 1st quarter. NBC Securities Inc. now owns 1,088 shares of the transportation company’s stock worth $55,000 after acquiring an additional 1,087 shares during the last quarter. Institutional investors own 95.59% of the company’s stock.

Greenbrier Companies Stock Performance

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. The company’s 50 day moving average price is $54.80 and its 200-day moving average price is $59.19.

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.