Zacks: Analysts Anticipate American Railcar Industries, Inc. (ARII) to Post $0.53 Earnings Per Share

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Wall Street brokerages expect that American Railcar Industries, Inc. (NASDAQ:ARII) will post earnings per share of $0.53 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for American Railcar Industries’ earnings. The highest EPS estimate is $0.59 and the lowest is $0.48. American Railcar Industries reported earnings per share of $0.46 in the same quarter last year, which suggests a positive year over year growth rate of 15.2%. The business is expected to issue its next quarterly earnings results 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 year, with EPS estimates ranging from $2.24 to $2.60. For the next year, analysts forecast that the company will report earnings of $2.80 per share, with EPS estimates ranging from $2.69 to $2.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for American Railcar Industries.

American Railcar Industries (NASDAQ:ARII) last posted its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.15). The business had revenue of $146.50 million for the quarter, compared to analyst estimates 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 revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share.

A number of research firms recently weighed in on ARII. Zacks Investment Research lowered shares of American Railcar Industries from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. BidaskClub upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 7th. Stifel Nicolaus set a $43.00 price target on shares of American Railcar Industries and gave the stock a “hold” rating in a research report on Thursday, August 2nd. TheStreet upgraded shares of American Railcar Industries from a “c+” rating to a “b” rating in a research report on Wednesday, July 25th. Finally, ValuEngine upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. American Railcar Industries currently has an average rating of “Hold” and a consensus target price of $42.75.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in American Railcar Industries by 3.4% during the second quarter. BlackRock Inc. now owns 501,709 shares of the transportation company’s stock worth $19,806,000 after purchasing an additional 16,270 shares during the period. LSV Asset Management raised its stake in American Railcar Industries by 1.5% during the first quarter. LSV Asset Management now owns 460,519 shares of the transportation company’s stock worth $17,228,000 after purchasing an additional 6,600 shares during the period. Bank of New York Mellon Corp raised its stake in American Railcar Industries by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 194,054 shares of the transportation company’s stock worth $7,662,000 after purchasing an additional 2,494 shares during the period. Renaissance Technologies LLC purchased a new position in American Railcar Industries during the second quarter worth about $1,836,000. Finally, Millennium Management LLC purchased a new position in American Railcar Industries during the second quarter worth about $1,691,000. 91.57% of the stock is currently owned by institutional investors.

ARII traded up $0.23 on Friday, reaching $46.30. 795 shares of the company’s stock were exchanged, compared to its average volume of 58,025. The firm has a market capitalization of $874.42 million, a PE ratio of 25.13 and a beta of 2.20. American Railcar Industries has a twelve month low of $34.30 and a twelve month high of $47.76. 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 also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Thursday, September 6th. American Railcar Industries’s dividend payout ratio (DPR) is presently 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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