American Railcar Industries, Inc. (NASDAQ:ARII) Issues Quarterly Earnings Results, Hits Estimates

American Railcar Industries, Inc. (NASDAQ:ARII) announced its earnings results on Tuesday, August 1st. The transportation company reported $0.62 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.62, Morningstar.com reports. American Railcar Industries had a return on equity of 11.40% and a net margin of 9.59%. The business had revenue of $109 million for the quarter, compared to analyst estimates of $113.62 million. During the same quarter last year, the firm earned $1.02 EPS. American Railcar Industries’s revenue for the quarter was down 27.6% compared to the same quarter last year.

American Railcar Industries (ARII) traded down 0.26% during trading on Friday, hitting $35.12. The stock had a trading volume of 214,921 shares. American Railcar Industries has a 52 week low of $34.30 and a 52 week high of $51.10. The company has a 50-day moving average of $36.79 and a 200-day moving average of $39.48. The stock has a market capitalization of $670.19 million, a P/E ratio of 13.10 and a beta of 2.32.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.56%. American Railcar Industries’s dividend payout ratio (DPR) is currently 59.70%.

A number of equities research analysts recently issued reports on ARII shares. Zacks Investment Research lowered American Railcar Industries from a “buy” rating to a “strong sell” rating in a research report on Monday, August 7th. BidaskClub lowered American Railcar Industries from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine raised American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, May 16th. Cowen and Company reaffirmed a “buy” rating and set a $45.00 price target on shares of American Railcar Industries in a research report on Thursday, August 10th. Finally, Buckingham Research initiated coverage on American Railcar Industries in a report on Wednesday, June 21st. They set a “neutral” rating and a $38.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. American Railcar Industries has a consensus rating of “Hold” and a consensus target price of $38.33.

Hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in shares of American Railcar Industries by 2.1% in the fourth quarter. State Street Corp now owns 182,501 shares of the transportation company’s stock worth $8,267,000 after buying an additional 3,728 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of American Railcar Industries by 0.7% in the fourth quarter. AQR Capital Management LLC now owns 19,462 shares of the transportation company’s stock worth $881,000 after buying an additional 133 shares in the last quarter. Norges Bank bought a new stake in shares of American Railcar Industries during the fourth quarter worth approximately $8,963,000. Teachers Advisors LLC boosted its stake in shares of American Railcar Industries by 27.7% in the fourth quarter. Teachers Advisors LLC now owns 15,913 shares of the transportation company’s stock worth $721,000 after buying an additional 3,449 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of American Railcar Industries during the fourth quarter worth approximately $220,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History for American Railcar Industries (NASDAQ:ARII)

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