News Recap: The Greenbrier Companies (NYSE:GBX)

The Greenbrier Companies (NYSE:GBX) stock observed trading -38.69% off 52-week high price. On the other end, the stock has been noted 32.25% away from low price over the last 52-weeks. The stock disclosed a move of -6.93% away from 50 day moving average and -5.06% away from 200 day moving average. Moving closer, we can see that shares have been trading -10.04% off 20-day moving average. It has market cap of $933.27M and dividend yield of 3.55%.

On Jan. 8, 2020, The Greenbrier Companies (NYSE:GBX) revealed financial results for its first fiscal quarter ended November 30, 2019.

First Quarter Highlights

  • Net earnings attributable to Greenbrier for the quarter were $7.7 million, or $0.23 per diluted share, on revenue of $769.4 million. Quarterly results include $2.2 million, net of tax, ($0.07 per share) of integration and acquisition-related expenses from the American Railcar Industries (ARI) acquisition.
  • Adjusted net earnings attributable to Greenbrier for the quarter were $9.9 million, or $0.30 per diluted share, excluding $0.07 of ARI integration and acquisition-related expenses.
  • Adjusted EBITDA for the quarter was $74.2 million, or 9.6% of revenue.
  • Pre-tax ARI synergies of $2.8 million were achieved in the quarter. Annual synergy target of $15.0 million is affirmed.
  • Orders for 4,500 diversified railcars were received during the quarter, valued at $450 million.
  • Orders subsequent to Q1 exceed 4,400 units driven by international sources, including a significant multi-year order in Brazil for new railcars. Additionally, an agreement to rebuild nearly 850 Brazilian railcars was finalized.
  • New railcar backlog as of November 30, 2019 was 28,500 units with an estimated value of $3.1 billion. Subsequent to the quarter, Greenbrier agreed in principle to remove 575 units in backlog in exchange for financial consideration.
  • New railcar deliveries totaled 6,200 units for the quarter.
  • Board increases quarterly dividend 8.0% to $0.27 per share, payable on February 18, 2020 to shareholders as of January 28, 2020.

The USA based company The Greenbrier Companies moved with change of -9.86% to $28.17 with the total traded volume of 1627442 shares in last session versus to an average volume of 301.24K. The stock was observed in the 5 days activity at -13.14%. The one month performance of stock was -2.12%. GBX’s shares are at 3.72% for the quarter and driving a -33.47% return over the course of the past year and is now at -13.14% since this point in 2018.  Right now the stock beta is 2.16. The average volatility for the week and month was at 4.75% and 3.34% respectively. There are 33.13M shares outstanding and 32.00M shares are floated in market.

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