Analysts expect that American Railcar Industries, Inc. (NASDAQ:ARII) will report $101.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Railcar Industries’ earnings. The lowest sales estimate is $95.10 million and the highest is $107.10 million. American Railcar Industries reported sales of $120.75 million during the same quarter last year, which indicates a negative year over year growth rate of 16.3%. The company is expected to issue its next quarterly earnings report on Tuesday, October 30th.
On average, analysts expect that American Railcar Industries will report full-year sales of $475.05 million for the current fiscal year, with estimates ranging from $467.90 million to $482.20 million. For the next year, analysts anticipate that the company will report sales of $551.90 million, with estimates ranging from $541.90 million to $561.90 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for American Railcar Industries.
American Railcar Industries (NASDAQ:ARII) last issued 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). American Railcar Industries had a net margin of 27.70% and a return on equity of 5.95%. The business had revenue of $146.50 million for the quarter, compared to analyst estimates of $129.41 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The firm’s quarterly revenue was up 34.4% compared to the same quarter last year.
Several research firms recently weighed in on ARII. BidaskClub upgraded shares of American Railcar Industries from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 27th. Zacks Investment Research upgraded shares of American Railcar Industries from a “sell” rating to a “hold” rating in a report on Monday, August 6th. ValuEngine upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. TheStreet upgraded shares of American Railcar Industries from a “c+” rating to a “b” rating in a report on Wednesday, July 25th. Finally, Stifel Nicolaus set a $43.00 price target on shares of American Railcar Industries and gave the stock a “hold” rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $42.75.
American Railcar Industries stock traded down $0.26 during midday trading on Monday, hitting $45.61. 79,501 shares of the stock were exchanged, compared to its average volume of 64,154. American Railcar Industries has a 52-week low of $34.76 and a 52-week high of $48.06. The stock has a market cap of $879.77 million, a PE ratio of 24.92 and a beta of 2.17. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.31 and a current ratio of 3.30.
The company also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors 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 of this dividend was Thursday, September 6th. American Railcar Industries’s dividend payout ratio (DPR) is presently 87.43%.
Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in American Railcar Industries in the second quarter worth about $1,836,000. Millennium Management LLC bought a new stake in American Railcar Industries in the second quarter worth about $1,691,000. Cornerstone Wealth Management LLC bought a new stake in American Railcar Industries in the second quarter worth about $509,000. BlackRock Inc. raised its position in American Railcar Industries by 3.4% in the second quarter. BlackRock Inc. now owns 501,709 shares of the transportation company’s stock worth $19,806,000 after acquiring an additional 16,270 shares during the period. Finally, Prudential Financial Inc. bought a new stake in American Railcar Industries in the first quarter worth about $449,000. Institutional investors and hedge funds own 91.56% of the company’s stock.
American Railcar Industries Company Profile
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.
See Also: What Are Treasury Bonds?
Get a free copy of the Zacks research report on American Railcar Industries (ARII)
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.