American Railcar Industries, Inc. (ARII) to Post FY2017 Earnings of $2.07 Per Share, Seaport Global Securities Forecasts
American Railcar Industries, Inc. (NASDAQ:ARII) – Seaport Global Securities issued their FY2017 earnings per share estimates for shares of American Railcar Industries in a note issued to investors on Thursday. Seaport Global Securities analyst W. Milby forecasts 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.
Other research analysts have also recently issued reports about the company. ValuEngine raised American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Cowen reaffirmed a “buy” rating and set a $44.00 price objective on shares of American Railcar Industries in a research report on Wednesday, November 1st. BidaskClub raised American Railcar Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research raised American Railcar Industries from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, Stifel Nicolaus upped their price objective on American Railcar Industries from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. American Railcar Industries has an average rating of “Hold” and a consensus target price of $39.33.
American Railcar Industries (NASDAQ:ARII) last released its quarterly earnings data on Tuesday, October 31st. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.11). The business had revenue of $120.75 million for the quarter, compared to analyst estimates of $123.63 million. American Railcar Industries had a return on equity of 9.66% and a net margin of 10.28%. The company’s revenue was down 16.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in ARII. Northern Trust Corp boosted its position in shares of American Railcar Industries by 82.8% in the 2nd quarter. Northern Trust Corp now owns 290,305 shares of the transportation company’s stock valued at $11,119,000 after purchasing an additional 131,503 shares during the period. Kennedy Capital Management Inc. acquired a new stake in shares of American Railcar Industries in the 2nd quarter valued at about $3,064,000. Shell Asset Management Co. acquired a new stake in shares of American Railcar Industries in the 3rd quarter valued at about $2,793,000. OxFORD Asset Management LLP acquired a new stake in shares of American Railcar Industries in the 2nd quarter valued at about $895,000. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in shares of American Railcar Industries in the 2nd quarter valued at about $766,000. 94.78% of the stock is owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors 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 4.06%. American Railcar Industries’s dividend payout ratio (DPR) is presently 58.18%.
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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