Equities analysts expect FreightCar America, Inc. (NASDAQ:RAIL) to announce ($0.46) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for FreightCar America’s earnings, with the lowest EPS estimate coming in at ($0.51) and the highest estimate coming in at ($0.42). FreightCar America reported earnings of ($0.04) per share during the same quarter last year, which would indicate a negative year over year growth rate of 1,050%. The firm is expected to announce its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that FreightCar America will report full year earnings of ($1.59) per share for the current financial year, with EPS estimates ranging from ($1.75) to ($1.35). For the next year, analysts expect that the company will report earnings of ($0.34) per share, with EPS estimates ranging from ($0.50) to $0.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for FreightCar America.
FreightCar America (NASDAQ:RAIL) last released its quarterly earnings results on Wednesday, May 2nd. The transportation company reported ($0.51) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.62) by $0.11. The business had revenue of $82.97 million for the quarter, compared to the consensus estimate of $65.85 million. FreightCar America had a negative net margin of 8.39% and a negative return on equity of 9.65%. During the same period in the previous year, the firm earned $0.14 EPS.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of FreightCar America from a “strong sell” rating to a “hold” rating in a report on Thursday, May 3rd. ValuEngine upgraded shares of FreightCar America from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Stifel Nicolaus lifted their price objective on shares of FreightCar America from $14.00 to $15.00 and gave the company a “hold” rating in a report on Monday, May 7th. Finally, TheStreet cut shares of FreightCar America from a “c-” rating to a “d+” rating in a report on Monday, March 19th. Six equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $16.00.
In other FreightCar America news, Director Thomas A. Madden sold 9,347 shares of the business’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $15.95, for a total transaction of $149,084.65. Following the completion of the transaction, the director now owns 20,224 shares in the company, valued at approximately $322,572.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas A. Madden sold 7,506 shares of the business’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $15.69, for a total transaction of $117,769.14. Following the transaction, the director now owns 20,224 shares of the company’s stock, valued at approximately $317,314.56. The disclosure for this sale can be found here. Insiders own 6.51% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of RAIL. Tower Research Capital LLC TRC grew its holdings in FreightCar America by 234.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,875 shares of the transportation company’s stock worth $151,000 after acquiring an additional 6,221 shares in the last quarter. Trexquant Investment LP acquired a new position in FreightCar America during the 1st quarter worth approximately $162,000. GSA Capital Partners LLP acquired a new position in FreightCar America during the 1st quarter worth approximately $178,000. Investors Research Corp acquired a new position in FreightCar America during the 4th quarter worth approximately $233,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in FreightCar America by 22.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 21,600 shares of the transportation company’s stock worth $369,000 after acquiring an additional 3,900 shares in the last quarter. Institutional investors own 89.03% of the company’s stock.
Shares of FreightCar America opened at $16.79 on Friday, Marketbeat reports. The company has a market capitalization of $208.93 million, a P/E ratio of -14.47 and a beta of 1.58. FreightCar America has a fifty-two week low of $12.53 and a fifty-two week high of $20.46.
FreightCar America Company Profile
FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.
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