American Railcar Industries (ARII) Expected to Announce Earnings of $0.59 Per Share

Brokerages expect that American Railcar Industries (NASDAQ:ARII) will report earnings of $0.59 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Railcar Industries’ earnings, with estimates ranging from $0.52 to $0.65. American Railcar Industries posted earnings of $0.55 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, May 1st.

On average, analysts expect that American Railcar Industries will report full year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.35 to $2.70. For the next year, analysts anticipate that the company will post earnings of $2.96 per share, with EPS estimates ranging from $2.85 to $3.07. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow American Railcar Industries.

American Railcar Industries (NASDAQ:ARII) last released its quarterly earnings data on Friday, February 23rd. The transportation company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ 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 last year, the firm earned $1.16 EPS. The company’s revenue for the quarter was down 21.0% on a year-over-year basis.

A number of equities research analysts recently issued reports on ARII shares. Zacks Investment Research raised American Railcar Industries from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. ValuEngine raised American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. BidaskClub raised American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Seaport Global Securities initiated coverage on American Railcar Industries in a research report on Thursday, January 4th. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus set a $35.00 target price on American Railcar Industries and gave the stock a “hold” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. American Railcar Industries currently has an average rating of “Hold” and a consensus target price of $40.75.

Several hedge funds and other institutional investors have recently modified their holdings of ARII. Nationwide Fund Advisors boosted its stake in shares of American Railcar Industries by 31.2% during the 3rd quarter. Nationwide Fund Advisors now owns 10,173 shares of the transportation company’s stock worth $393,000 after acquiring an additional 2,418 shares during the period. Russell Investments Group Ltd. bought a new position in shares of American Railcar Industries during the 3rd quarter worth approximately $173,000. JPMorgan Chase & Co. boosted its stake in shares of American Railcar Industries by 1,138.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,851 shares of the transportation company’s stock worth $426,000 after acquiring an additional 9,975 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of American Railcar Industries by 4.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 31,918 shares of the transportation company’s stock worth $1,233,000 after acquiring an additional 1,411 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of American Railcar Industries by 7.3% during the 3rd quarter. California Public Employees Retirement System now owns 74,243 shares of the transportation company’s stock worth $2,866,000 after acquiring an additional 5,043 shares during the period. Institutional investors own 95.27% of the company’s stock.

Shares of NASDAQ:ARII traded up $0.64 during trading on Monday, hitting $37.46. 35,666 shares of the company’s stock traded hands, compared to its average volume of 71,408. American Railcar Industries has a 52 week low of $34.29 and a 52 week high of $43.90. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.32 and a quick ratio of 2.58. The stock has a market capitalization of $702.67, a PE ratio of 20.47 and a beta of 2.00.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 16th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, March 15th. This represents a $1.60 annualized dividend and a dividend yield of 4.27%. American Railcar Industries’s dividend payout ratio is currently 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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Earnings History and Estimates for American Railcar Industries (NASDAQ:ARII)

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