American Railcar Industries Inc. (ARII) Sees Unusually-High Trading Volume
American Railcar Industries Inc. (NASDAQ:ARII) shares saw unusually-strong trading volume on Tuesday . Approximately 135,861 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 125,890 shares.The stock last traded at $38.94 and had previously closed at $38.73.
A number of equities analysts recently commented on ARII shares. Zacks Investment Research raised American Railcar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. TheStreet raised American Railcar Industries from a “hold” rating to a “buy” rating in a research note on Monday, April 18th. Finally, Cowen and Company started coverage on American Railcar Industries in a research note on Wednesday, June 22nd. They issued a “market perform” rating and a $40.00 price target on the stock. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $40.67.
The stock’s 50-day moving average is $39.90 and its 200 day moving average is $40.79. The firm has a market cap of $769.92 million and a PE ratio of 6.64.
American Railcar Industries (NASDAQ:ARII) last issued its quarterly earnings data on Thursday, April 28th. The company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.35 by $0.19. The firm earned $176.20 million during the quarter, compared to analysts’ expectations of $200.27 million. During the same period in the previous year, the company posted $1.64 EPS. The company’s revenue was down 33.2% on a year-over-year basis. On average, equities research analysts anticipate that American Railcar Industries Inc. will post $4.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 17th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 4.07%.
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.
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