American Railcar Industries, Inc. (ARII) Expected to Announce Quarterly Sales of $101.10 Million

Brokerages expect American Railcar Industries, Inc. (NASDAQ:ARII) to report sales of $101.10 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for American Railcar Industries’ earnings. The highest sales estimate is $107.10 million and the lowest is $95.10 million. American Railcar Industries reported sales of $120.75 million in the same quarter last year, which would suggest a negative year over year growth rate of 16.3%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, October 30th.

On average, analysts expect that American Railcar Industries will report full-year sales of $475.05 million for the current fiscal year, with estimates ranging from $467.90 million to $482.20 million. For the next year, analysts anticipate that the company will report sales of $551.90 million, with estimates ranging from $541.90 million to $561.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow American Railcar Industries.

American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.15). American Railcar Industries had a net margin of 27.70% and a return on equity of 5.95%. The business had revenue of $146.50 million for the quarter, compared to the consensus estimate of $129.41 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The firm’s revenue was up 34.4% on a year-over-year basis.

Several research analysts have recently issued reports on ARII shares. BidaskClub cut shares of American Railcar Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 1st. Zacks Investment Research cut shares of American Railcar Industries from a “hold” rating to a “sell” rating in a report on Monday, July 30th. TheStreet upgraded shares of American Railcar Industries from a “c+” rating to a “b” rating in a report on Wednesday, July 25th. ValuEngine upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. Finally, Stifel Nicolaus set a $43.00 target price on shares of American Railcar Industries and gave the stock a “hold” rating in a report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $49.75.

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of American Railcar Industries in the third quarter worth approximately $282,000. Paloma Partners Management Co purchased a new stake in American Railcar Industries in the second quarter worth $339,000. D.A. Davidson & CO. lifted its stake in American Railcar Industries by 17.7% in the second quarter. D.A. Davidson & CO. now owns 9,094 shares of the transportation company’s stock worth $359,000 after acquiring an additional 1,366 shares during the period. Aperio Group LLC lifted its stake in American Railcar Industries by 25.8% in the second quarter. Aperio Group LLC now owns 18,540 shares of the transportation company’s stock worth $732,000 after acquiring an additional 3,800 shares during the period. Finally, Cornerstone Wealth Management LLC purchased a new stake in American Railcar Industries in the second quarter worth $509,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.

Shares of NASDAQ ARII opened at $70.10 on Thursday. American Railcar Industries has a one year low of $34.76 and a one year high of $70.50. The company has a current ratio of 3.30, a quick ratio of 2.31 and a debt-to-equity ratio of 0.76. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 38.31 and a beta of 2.17.

About American Railcar Industries

American Railcar Industries, Inc, together with its subsidiaries, designs and manufactures hopper and tank railcars in North America. It operates through three segments: Manufacturing, Railcar Leasing, and Railcar Services. The Manufacturing segment manufactures hopper railcars for shipping various dry bulk products, such as plastic pellets, as well as high-density products, including cement and sand; pressure tank railcars for transporting products comprising chlorine, anhydrous ammonia, liquid propane, and butane; and other types of railcars.

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