Greenbrier Companies, Inc. (The) (GBX) to Issue Quarterly Dividend of $0.34 on August 6th

Greenbrier Companies, Inc. (The) (NYSE:GBX) announced a quarterly dividend on Thursday, June 25th. Shareholders of record on Thursday, July 16th will be paid a dividend of 0.34 per share by the transportation company on Thursday, August 6th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Thursday, July 16th.

Greenbrier Companies has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Greenbrier Companies has a dividend payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Greenbrier Companies to earn $3.65 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 37.3%.

Greenbrier Companies Trading Up 1.8%

GBX opened at $48.17 on Tuesday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.29 and a beta of 1.43. Greenbrier Companies has a 12-month low of $38.23 and a 12-month high of $59.19. The business’s fifty day simple moving average is $48.42 and its 200-day simple moving average is $50.59.

Greenbrier Companies (NYSE:GBX) last released its quarterly earnings data on Wednesday, July 1st. The transportation company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. Greenbrier Companies had a return on equity of 6.49% and a net margin of 4.07%.The firm had revenue of $576.50 million during the quarter, compared to the consensus estimate of $612.69 million. During the same period in the previous year, the company posted $1.86 earnings per share. The firm’s quarterly revenue was down 31.6% on a year-over-year basis. On average, equities research analysts predict that Greenbrier Companies will post 3.1 EPS for the current year.

Institutional Trading of Greenbrier Companies

Several hedge funds have recently modified their holdings of the company. Gen Wealth Partners Inc bought a new position in shares of Greenbrier Companies during the 4th quarter worth approximately $38,000. Meeder Asset Management Inc. acquired a new stake in Greenbrier Companies in the first quarter valued at approximately $54,000. Quarry LP boosted its stake in Greenbrier Companies by 6,900.0% in the third quarter. Quarry LP now owns 1,120 shares of the transportation company’s stock valued at $52,000 after acquiring an additional 1,104 shares in the last quarter. Danske Bank A S purchased a new position in Greenbrier Companies in the fourth quarter worth $61,000. Finally, State of Wyoming purchased a new position in Greenbrier Companies in the first quarter worth $149,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

About Greenbrier Companies

The Greenbrier Companies, headquartered in Lake Oswego, Oregon, is a leading supplier of freight transportation equipment and services. The company designs, engineers and manufactures railroad freight cars—such as intermodal well cars, covered hoppers, tank cars and double-stack cars—as well as marine barges for domestic and international customers. Beyond original equipment production, Greenbrier provides aftermarket services including maintenance, repair, refurbishment and mechanical overhauls under long-term service agreements.

Greenbrier’s operations are organized into OEM and aftermarket segments, with manufacturing facilities and engineering centers across North America, Europe and Russia.