American Railcar Industries (NASDAQ:ARII) posted its quarterly earnings data on Friday. The transportation company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.26), Bloomberg Earnings reports. The business had revenue of $132.40 million during the quarter, compared to analyst estimates of $121.21 million. American Railcar Industries had a return on equity of 9.66% and a net margin of 10.28%. The firm’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 EPS.
American Railcar Industries (NASDAQ ARII) opened at $39.43 on Friday. The stock has a market capitalization of $745.99, a price-to-earnings ratio of 14.01 and a beta of 2.13. 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 52 week low of $34.29 and a 52 week high of $49.33.
A number of equities analysts recently issued reports on ARII shares. BidaskClub upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research lowered American Railcar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. ValuEngine upgraded American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Buckingham Research raised their target price on American Railcar Industries from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, Cowen restated a “buy” rating and issued a $44.00 target price on shares of American Railcar Industries in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. American Railcar Industries presently has a consensus rating of “Hold” and a consensus target price of $39.50.
TRADEMARK VIOLATION WARNING: This news story was published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://sportsperspectives.com/2018/02/24/american-railcar-industries-arii-posts-earnings-results-misses-expectations-by-0-26-eps.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.
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.