American Railcar Industries (NASDAQ:ARII) issued its quarterly earnings results on Tuesday. The transportation company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.23), Fidelity Earnings reports. American Railcar Industries had a return on equity of 5.95% and a net margin of 27.70%. The business had revenue of $100.00 million for the quarter, compared to the consensus estimate of $98.67 million. During the same period last year, the firm earned $0.46 earnings per share. The company’s quarterly revenue was down 17.2% compared to the same quarter last year.
American Railcar Industries stock opened at $69.92 on Wednesday. The stock has a market cap of $1.33 billion, a PE ratio of 38.21 and a beta of 2.17. American Railcar Industries has a fifty-two week low of $34.76 and a fifty-two week 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.
Several brokerages have commented on ARII. BidaskClub raised shares of American Railcar Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 12th. TheStreet upgraded shares of American Railcar Industries from a “c+” rating to a “b” rating in a research note on Wednesday, July 25th. ValuEngine upgraded shares of American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, July 24th. Zacks Investment Research upgraded shares of American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Finally, Buckingham Research boosted their price objective on shares of American Railcar Industries from $42.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 24th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. American Railcar Industries presently has an average rating of “Buy” and a consensus price target of $49.75.
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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