Wall Street analysts expect American Railcar Industries, Inc. (NASDAQ:ARII) to report sales of $126.10 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Railcar Industries’ earnings, with the highest sales estimate coming in at $131.00 million and the lowest estimate coming in at $121.20 million. American Railcar Industries posted sales of $114.68 million in the same quarter last year, which would indicate a positive year over year growth rate of 10%. The firm is expected to announce its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that American Railcar Industries will report full-year sales of $126.10 million for the current fiscal year, with estimates ranging from $555.00 million to $559.40 million. For the next year, analysts expect that the business will post sales of $567.25 million per share, with estimates ranging from $545.80 million to $588.70 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow American Railcar Industries.
American Railcar Industries (NASDAQ:ARII) last announced its earnings results on Friday, February 23rd. The transportation company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.24). American Railcar Industries had a net margin of 29.82% and a return on equity of 6.15%. The business had revenue of $132.40 million for the quarter, compared to the consensus estimate of $121.21 million. During the same quarter in the previous year, the company earned $1.16 EPS. American Railcar Industries’s revenue for the quarter was down 21.0% compared to the same quarter last year.
Several equities analysts have commented on ARII shares. Zacks Investment Research raised American Railcar Industries from a “sell” rating to a “hold” rating in a report on Thursday, December 28th. ValuEngine raised American Railcar Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BidaskClub raised American Railcar Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Seaport Global Securities started coverage on American Railcar Industries in a report on Thursday, January 4th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus set a $35.00 price target on American Railcar Industries and gave the company a “hold” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. American Railcar Industries currently has an average rating of “Hold” and a consensus price target of $40.75.
Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new position in American Railcar Industries in the 3rd quarter valued at approximately $173,000. MetLife Investment Advisors LLC acquired a new position in American Railcar Industries in the 4th quarter valued at approximately $196,000. North Point Portfolio Managers Corp OH acquired a new position in American Railcar Industries in the 4th quarter valued at approximately $204,000. Gamco Investors INC. ET AL acquired a new position in American Railcar Industries in the 4th quarter valued at approximately $208,000. Finally, Two Sigma Securities LLC acquired a new position in shares of American Railcar Industries in the 4th quarter worth approximately $225,000. 95.32% of the stock is owned by hedge funds and other institutional investors.
Shares of American Railcar Industries (ARII) opened at $38.62 on Thursday. American Railcar Industries has a 52 week low of $34.29 and a 52 week high of $44.20. The firm has a market capitalization of $736.07, a P/E ratio of 21.10 and a beta of 2.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.58 and a current ratio of 3.32.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 16th will be issued a $0.40 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.60 annualized dividend and a yield of 4.14%. American Railcar Industries’s dividend payout ratio (DPR) is 87.43%.
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About American Railcar Industries
American Railcar Industries, Inc is a designer and manufacturer of hopper and tank railcars. The Company designs and manufactures railcars and a range of components for the North American railcar and industrial markets. It operates through three segments: manufacturing, railcar leasing and railcar services.
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