Brokers Set Expectations for American Railcar Industries, Inc.’s FY2017 Earnings (ARII)

American Railcar Industries, Inc. (NASDAQ:ARII) – Research analysts at Seaport Global Securities issued their FY2017 EPS estimates for American Railcar Industries in a research report issued on Thursday. Seaport Global Securities analyst W. Milby expects that the transportation company will earn $2.07 per share for the year. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for American Railcar Industries’ Q4 2017 earnings at $0.48 EPS, Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.67 EPS, FY2018 earnings at $2.62 EPS, Q1 2019 earnings at $0.77 EPS, Q2 2019 earnings at $0.76 EPS, Q3 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.81 EPS and FY2019 earnings at $3.08 EPS.

A number of other research firms have also commented on ARII. Zacks Investment Research lowered shares of American Railcar Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Stifel Nicolaus raised their price objective on shares of American Railcar Industries from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Buckingham Research raised their price objective on shares of American Railcar Industries from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Cowen restated a “buy” rating and issued a $44.00 price objective on shares of American Railcar Industries in a research report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $39.33.

American Railcar Industries (NASDAQ ARII) opened at $40.59 on Monday. 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 1 year low of $34.29 and a 1 year high of $49.33. The company has a market cap of $774.42, a P/E ratio of 14.76 and a beta of 2.42.

American Railcar Industries (NASDAQ:ARII) last released its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $120.75 million during the quarter, compared to the consensus estimate of $123.63 million. During the same quarter last year, the business posted $0.94 earnings per share. American Railcar Industries’s revenue was down 16.7% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a $0.40 dividend. The ex-dividend date was Thursday, December 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.94%. American Railcar Industries’s dividend payout ratio (DPR) is currently 58.18%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System raised its stake in American Railcar Industries by 7.3% in the third quarter. California Public Employees Retirement System now owns 74,243 shares of the transportation company’s stock valued at $2,866,000 after purchasing an additional 5,043 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in American Railcar Industries by 4.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 31,918 shares of the transportation company’s stock valued at $1,233,000 after purchasing an additional 1,411 shares in the last quarter. JPMorgan Chase & Co. raised its stake in American Railcar Industries by 1,138.7% in the third quarter. JPMorgan Chase & Co. now owns 10,851 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 9,975 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in American Railcar Industries in the third quarter valued at approximately $173,000. Finally, Sunbelt Securities Inc. purchased a new stake in American Railcar Industries in the third quarter valued at approximately $339,000. 94.78% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/01/09/brokers-set-expectations-for-american-railcar-industries-inc-s-fy2017-earnings-arii.html.

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 and Estimates for American Railcar Industries (NASDAQ:ARII)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit