Analysts expect that American Railcar Industries, Inc. (NASDAQ:ARII) will 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 during the same quarter last year, which indicates a negative year-over-year growth rate of 16.3%. The firm is scheduled to announce its next 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 fiscal year, analysts anticipate that the business will post sales of $551.90 million, with estimates ranging from $541.90 million to $561.90 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover American Railcar Industries.

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

Several analysts recently commented on the stock. Zacks Investment Research raised shares of American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised shares of American Railcar Industries from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 18th. Buckingham Research increased their target price on shares of American Railcar Industries from $42.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday. ValuEngine raised shares of American Railcar Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday. Finally, Stifel Nicolaus set a $43.00 target price on shares of American Railcar Industries and gave the company a “hold” rating in a research note on Thursday, August 2nd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $49.75.

ARII stock opened at $69.90 on Thursday. American Railcar Industries has a 12 month low of $34.76 and a 12 month high of $70.03. The company has a market cap of $1.34 billion, a P/E ratio of 38.20 and a beta of 2.17. The company has a quick ratio of 2.31, a current ratio of 3.30 and a debt-to-equity ratio of 0.76.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in American Railcar Industries by 3.4% during the second quarter. BlackRock Inc. now owns 501,709 shares of the transportation company’s stock valued at $19,806,000 after purchasing an additional 16,270 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in American Railcar Industries by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 194,054 shares of the transportation company’s stock valued at $7,662,000 after purchasing an additional 2,494 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in American Railcar Industries during the second quarter valued at approximately $1,836,000. Millennium Management LLC purchased a new stake in shares of American Railcar Industries in the 2nd quarter valued at approximately $1,691,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of American Railcar Industries by 19.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 39,260 shares of the transportation company’s stock valued at $1,550,000 after acquiring an additional 6,283 shares in the last quarter. 91.56% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for American Railcar Industries (NASDAQ:ARII)

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