American Railcar Industries, Inc. (ARII) Expected to Post Earnings of $0.48 Per Share

Brokerages expect American Railcar Industries, Inc. (NASDAQ:ARII) to report $0.48 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Railcar Industries’ earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.47. American Railcar Industries posted earnings per share of $1.16 in the same quarter last year, which indicates a negative year-over-year growth rate of 58.6%. The company is expected to issue its next earnings report on Friday, February 23rd.

On average, analysts expect that American Railcar Industries will report full year earnings of $2.08 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.10. For the next fiscal year, analysts forecast that the business will post earnings of $2.43 per share, with EPS estimates ranging from $2.01 to $2.70. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover American Railcar Industries.

American Railcar Industries (NASDAQ:ARII) last announced its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.11). American Railcar Industries had a net margin of 10.28% and a return on equity of 9.66%. The company had revenue of $120.75 million during the quarter, compared to analyst estimates of $123.63 million. During the same quarter last year, the business earned $0.94 EPS. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis.

Several analysts recently commented on the stock. BidaskClub cut shares of American Railcar Industries from a “hold” rating to a “sell” rating in a research note on Friday. Seaport Global Securities initiated coverage on shares of American Railcar Industries in a research report on Thursday, January 4th. They set a “neutral” rating for the company. ValuEngine upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of American Railcar Industries from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, Stifel Nicolaus lifted their target price on shares of American Railcar Industries from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. American Railcar Industries has a consensus rating of “Hold” and an average target price of $39.33.

Shares of American Railcar Industries (ARII) traded up $0.38 during midday trading on Friday, hitting $39.83. 91,814 shares of the company traded hands, compared to its average volume of 68,624. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.06 and a quick ratio of 2.13. American Railcar Industries has a 12-month low of $34.29 and a 12-month high of $49.33. The firm has a market capitalization of $760.11, a PE ratio of 14.48 and a beta of 2.42.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Thursday, December 7th. American Railcar Industries’s payout ratio is currently 58.18%.

Several hedge funds and other institutional investors have recently modified their holdings of ARII. Russell Investments Group Ltd. purchased a new stake in shares of American Railcar Industries during the third quarter worth about $173,000. D.A. Davidson & CO. purchased a new stake in shares of American Railcar Industries during the second quarter worth about $174,000. The Manufacturers Life Insurance Company grew its holdings in shares of American Railcar Industries by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 6,679 shares of the transportation company’s stock worth $256,000 after buying an additional 22 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of American Railcar Industries by 41.0% during the second quarter. Alliancebernstein L.P. now owns 8,260 shares of the transportation company’s stock worth $316,000 after buying an additional 2,400 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of American Railcar Industries during the third quarter worth about $339,000. Institutional investors and hedge funds own 94.78% of the company’s stock.

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American Railcar Industries Company Profile

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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Earnings History and Estimates for American Railcar Industries (NASDAQ:ARII)

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