American Railcar Industries (ARII) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.99. The company posted revenue of $150.50 million in the period, compared to analysts expectations of $149.57 million. The company’s revenue was down -21.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 EPS.
Many Wall Street Analysts have commented on American Railcar Industries. Cowen Initiated American Railcar Industries on Jun 22, 2016 to “Market Perform”, Price Target of the shares are set at $40.
American Railcar Industries closed down -0.02 points or -0.05% at $38.66 with 2,43,692 shares getting traded on Thursday. Post opening the session at $38.67, the shares hit an intraday low of $38.06 and an intraday high of $39.2199 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.