Greenbrier Companies, Inc. (The) (GBX) To Go Ex-Dividend on November 10th

Greenbrier Companies, Inc. (The) (NYSE:GBX) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Wednesday, November 11th will be paid a dividend of $0.34 per share by the transportation company on Wednesday, December 2nd. This represents a $1.36 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, November 10th.

Greenbrier Companies has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Greenbrier Companies to earn $4.55 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 29.9%.

Greenbrier Companies Stock Performance

NYSE:GBX opened at $41.52 on Friday. Greenbrier Companies has a 1 year low of $36.35 and a 1 year high of $59.19. The firm has a 50 day moving average of $40.99 and a 200-day moving average of $48.00. The company has a current ratio of 2.43, a quick ratio of 1.24 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $1.29 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53.

Greenbrier Companies (NYSE:GBX) last announced its earnings results on Monday, October 26th. The transportation company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.41). The business had revenue of $591.00 million during the quarter, compared to analyst estimates of $605.10 million. Greenbrier Companies had a return on equity of 4.85% and a net margin of 3.21%. The firm’s revenue was down 22.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 earnings per share. As a group, sell-side analysts anticipate that Greenbrier Companies will post 3.30 EPS for the current fiscal year.

About Greenbrier Companies

Greenbrier Companies, Inc is a transportation equipment company that designs, manufactures and supplies freight railcars and related services. Its products include covered hopper cars, tank cars, gondolas, boxcars, intermodal equipment and railcars used to transport automobiles and other specialized cargo.

The company also provides railcar leasing and management services, maintenance, refurbishment, wheel services and parts. Through its manufacturing and service operations, Greenbrier supports railroads, leasing companies, shippers and other participants in the North American freight transportation industry.

Founded in 1974 and headquartered in Lake Oswego, Oregon, Greenbrier has expanded its operations beyond the United States, with manufacturing and service activities serving customers in North America and international markets.