Zacks: Brokerages Anticipate American Railcar Industries, Inc. (ARII) Will Announce Quarterly Sales of $120.80 Million

Equities analysts expect that American Railcar Industries, Inc. (NASDAQ:ARII) will report sales of $120.80 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for American Railcar Industries’ earnings. The lowest sales estimate is $117.00 million and the highest is $124.60 million. American Railcar Industries posted sales of $167.51 million during the same quarter last year, which suggests a negative year over year growth rate of 27.9%. The company is scheduled to report its next earnings report on Friday, February 23rd.

On average, analysts expect that American Railcar Industries will report full-year sales of $120.80 million for the current year, with estimates ranging from $461.40 million to $469.00 million. For the next year, analysts anticipate that the business will report sales of $506.45 million per share, with estimates ranging from $498.80 million to $514.10 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover American Railcar Industries.

American Railcar Industries (NASDAQ:ARII) last released its quarterly earnings results 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). The firm had revenue of $120.75 million for the quarter, compared to analysts’ expectations of $123.63 million. American Railcar Industries had a net margin of 10.28% and a return on equity of 9.66%. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS.

Several research firms have recently commented on ARII. ValuEngine raised shares of 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. Cowen reissued a “buy” rating and issued a $44.00 target price on shares of American Railcar Industries in a research report on Wednesday, November 1st. Zacks Investment Research raised American Railcar Industries from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, Seaport Global Securities began coverage on American Railcar Industries in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. American Railcar Industries presently has an average rating of “Hold” and a consensus price target of $39.33.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp increased its position in shares of American Railcar Industries by 82.8% during the second quarter. Northern Trust Corp now owns 290,305 shares of the transportation company’s stock worth $11,119,000 after acquiring an additional 131,503 shares during the period. Shell Asset Management Co. purchased a new stake in shares of American Railcar Industries during the third quarter worth $2,793,000. OxFORD Asset Management LLP purchased a new stake in shares of American Railcar Industries during the second quarter worth $895,000. Intrinsic Edge Capital Management LLC purchased a new stake in shares of American Railcar Industries during the second quarter worth $766,000. Finally, AMG National Trust Bank purchased a new stake in shares of American Railcar Industries during the third quarter worth $752,000. 94.77% of the stock is currently owned by institutional investors.

American Railcar Industries (ARII) traded up $0.24 during mid-day trading on Tuesday, hitting $40.64. 37,942 shares of the stock traded hands, compared to its average volume of 62,558. The stock has a market cap of $770.99, a price-to-earnings ratio of 14.83 and a beta of 2.42. The company has a current ratio of 3.06, a quick ratio of 2.13 and a debt-to-equity ratio of 0.94. American Railcar Industries has a 1 year low of $34.29 and a 1 year high of $49.33.

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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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