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Dahlman Rose & Co. is out with a research report this morning, where it reiterates its Hold rating on RailAmerica Inc.
RA; it did not provide a price target for the stock.
The Dahlman analysts cited the company’s most recent earnings report, which was the best quarter the company has enjoyed since its IPO in 2009. Revenues were up 18% year over year and operating income grew 20%
With good results aside, the analysts believe that RA’s continued positive outlook and strength in the railroad industry warrants an upgrade to their 2010 and 2011 EPS estimates, which are now $0.30 and $0.60, up from $0.27 and $53.
They are maintaining their Hold rating as they “monitor the operational progress.” They said that they would not be opposed to reexamining their opinion if shares were to pull back further.
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