Analysts expect American Railcar Industries, Inc. (NASDAQ:ARII) to announce $101.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for American Railcar Industries’ earnings. The highest sales estimate is $107.10 million and the lowest is $95.10 million. American Railcar Industries posted sales of $120.75 million during the same quarter last year, which suggests a negative year over year growth rate of 16.3%. The company is scheduled to issue its next earnings results on Tuesday, October 30th.
According to Zacks, analysts expect that American Railcar Industries will report full-year sales of $475.05 million for the current year, with estimates ranging from $467.90 million to $482.20 million. For the next year, analysts expect that the business will post sales of $551.90 million, with estimates ranging from $541.90 million to $561.90 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for American Railcar Industries.
American Railcar Industries (NASDAQ:ARII) last released its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.15). American Railcar Industries had a net margin of 27.70% and a return on equity of 5.95%. The company had revenue of $146.50 million for the quarter, compared to the consensus estimate of $129.41 million. During the same period last year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis.
Several research analysts have commented on ARII shares. Stifel Nicolaus set a $43.00 price objective on shares of American Railcar Industries and gave the company a “hold” rating in a report on Thursday, August 2nd. BidaskClub downgraded shares of American Railcar Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 1st. Zacks Investment Research raised shares of American Railcar Industries from a “sell” rating to a “hold” rating in a report on Monday, August 6th. ValuEngine raised shares of American Railcar Industries from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. Finally, TheStreet raised shares of American Railcar Industries from a “c+” rating to a “b” rating in a report on Wednesday, July 25th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $42.75.
ARII opened at $46.99 on Monday. American Railcar Industries has a 52 week low of $34.76 and a 52 week high of $47.76. The stock has a market cap of $879.77 million, a price-to-earnings ratio of 25.68 and a beta of 2.17. The company has a quick ratio of 2.31, a current ratio of 3.30 and a debt-to-equity ratio of 0.76.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 7th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Thursday, September 6th. American Railcar Industries’s dividend payout ratio (DPR) is presently 87.43%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of American Railcar Industries by 3.4% during the 2nd quarter. BlackRock Inc. now owns 501,709 shares of the transportation company’s stock valued at $19,806,000 after buying an additional 16,270 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of American Railcar Industries by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 194,054 shares of the transportation company’s stock valued at $7,662,000 after buying an additional 2,494 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of American Railcar Industries during the 2nd quarter valued at about $1,836,000. Millennium Management LLC purchased a new stake in shares of American Railcar Industries during the 2nd quarter valued at about $1,691,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of American Railcar Industries by 19.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 39,260 shares of the transportation company’s stock valued at $1,550,000 after buying an additional 6,283 shares in the last quarter. 91.56% of the stock is owned by institutional investors and hedge funds.
About American Railcar Industries
American Railcar Industries, Inc, together with its subsidiaries, designs and manufactures hopper and tank railcars in North America. It operates through three segments: Manufacturing, Railcar Leasing, and Railcar Services. The Manufacturing segment manufactures hopper railcars for shipping various dry bulk products, such as plastic pellets, as well as high-density products, including cement and sand; pressure tank railcars for transporting products comprising chlorine, anhydrous ammonia, liquid propane, and butane; and other types of railcars.
Further Reading: Understanding Relative Strength Index
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for American Railcar Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Railcar Industries and related companies with MarketBeat.com's FREE daily email newsletter.