Revenue Update on American Railcar Industries(NASDAQ:ARII)

American Railcar Industries(NASDAQ:ARII) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $150.48M. Analysts estimated a revenue of $148.15M. Earnings per share were $1.02. Analysts had estimated an EPS of $0.97.

In a different note, Cowen & Company said it Initiates Coverage on American Railcar Industries, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Market Perform’ by the firm.

American Railcar Industries (ARII) shares turned negative on Thursdays trading session with the shares closing down -0.22 points or -0.52% at a volume of 84,614. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.75. The peak price level was also seen at $42.75 while the days lowest was $41.77. Finally the shares closed at $41.86. The 52-week high of the shares is $57.93 while the 52-week low is $33.02. According to the latest information available, the market cap of the company is $812 M.

Several Insider Transactions has been reported to the SEC. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *