American Railcar Industries (ARII) was Initiated by Cowen to “Market Perform” and the brokerage firm has set the Price Target at $40. Cowen advised their investors in a research report released on Jun 22, 2016.
On the company’s financial health, American Railcar Industries reported $1.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.35. The company had revenue of $176.20 million for the quarter, compared to analysts expectations of $200.27 million. The company’s revenue was down -33.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.64 EPS.
American Railcar Industries closed down -0.1 points or -0.25% at $39.61 with 1,37,299 shares getting traded on Monday. Post opening the session at $40.17, the shares hit an intraday low of $39.55 and an intraday high of $40.48 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 22, 2016, James Pontious (director) sold 2,500 shares at $43.64 per share price.
American Railcar Industries Inc. is a designer and manufacturer of hopper and tank railcars. The Company designs manufactures and sells customized and general-purpose railcars and a range of components for the North American railcar and industrial markets. It operates in three segments: manufacturing railcar leasing and railcar services. Its Manufacturing segment consists of railcar manufacturing and railcar and industrial component manufacturing. Its Railcar leasing segment consists of railcars manufactured and leased to third parties under operating leases. Its Railcar services segment consists of railcar repair services engineering and field services and fleet management services. Its customers include leasing companies industrial companies shippers and Class I railroads. In addition it offers the opportunity to lease its railcars and provides a variety of integrated railcar services including repair maintenance consulting engineering and fleet management services.