Equities research analysts expect that American Railcar Industries, Inc. (NASDAQ:ARII) will report earnings per share of $0.53 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for American Railcar Industries’ earnings, with estimates ranging from $0.48 to $0.59. American Railcar Industries posted earnings per share of $0.46 during the same quarter last year, which indicates a positive year-over-year growth rate of 15.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 30th.
On average, analysts expect that American Railcar Industries will report full-year earnings of $2.39 per share for the current fiscal year, with EPS estimates ranging from $2.24 to $2.60. For the next financial year, analysts anticipate that the firm will post earnings of $2.80 per share, with EPS estimates ranging from $2.69 to $2.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow American Railcar Industries.
American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.15). The business had revenue of $146.50 million during the quarter, compared to analysts’ expectations of $129.41 million. American Railcar Industries had a return on equity of 5.95% and a net margin of 27.70%. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS.
ARII has been the topic of a number of research reports. 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 downgraded shares of American Railcar Industries from a “hold” rating to a “sell” rating in a report on Monday, July 30th. TheStreet raised shares of American Railcar Industries from a “c+” rating to a “b” rating in a report on Wednesday, July 25th. ValuEngine raised shares of American Railcar Industries from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. Finally, Stifel Nicolaus set a $43.00 price objective on shares of American Railcar Industries and gave the stock a “hold” rating in a report on Thursday, August 2nd. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $42.75.
A number of large investors have recently modified their holdings of ARII. Susquehanna Fundamental Investments LLC purchased a new position in American Railcar Industries during the first quarter valued at approximately $214,000. Paloma Partners Management Co purchased a new position in American Railcar Industries during the second quarter valued at approximately $339,000. D.A. Davidson & CO. lifted its holdings in American Railcar Industries by 17.7% during the second quarter. D.A. Davidson & CO. now owns 9,094 shares of the transportation company’s stock valued at $359,000 after purchasing an additional 1,366 shares in the last quarter. Prudential Financial Inc. purchased a new position in American Railcar Industries during the first quarter valued at approximately $449,000. Finally, Cornerstone Wealth Management LLC purchased a new position in American Railcar Industries during the second quarter valued at approximately $509,000. 91.56% of the stock is currently owned by institutional investors and hedge funds.
Shares of ARII traded down $0.26 on Friday, reaching $45.61. The company’s stock had a trading volume of 79,501 shares, compared to its average volume of 64,154. The company has a current ratio of 3.30, a quick ratio of 2.31 and a debt-to-equity ratio of 0.76. The company has a market cap of $879.77 million, a price-to-earnings ratio of 24.92 and a beta of 2.17. American Railcar Industries has a 12-month low of $34.76 and a 12-month high of $48.06.
The company also recently declared 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 yield of 3.51%. The ex-dividend date was Thursday, September 6th. American Railcar Industries’s dividend payout ratio is currently 87.43%.
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.
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