Equities analysts expect that FreightCar America, Inc. (NASDAQ:RAIL) will report earnings of ($0.62) per share for the current quarter, according to Zacks. Zero analysts have issued estimates for FreightCar America’s earnings. FreightCar America posted earnings per share of ($0.58) during the same quarter last year, which would indicate a negative year over year growth rate of 6.9%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 25th.

On average, analysts expect that FreightCar America will report full-year earnings of ($2.78) per share for the current financial year, with EPS estimates ranging from ($3.26) to ($2.30). For the next financial year, analysts expect that the company will report earnings of ($0.65) per share, with EPS estimates ranging from ($0.70) to ($0.60). Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for FreightCar America.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported ($1.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.60). FreightCar America had a negative return on equity of 24.65% and a negative net margin of 33.47%. The business had revenue of $40.65 million during the quarter.

Several brokerages have recently issued reports on RAIL. Cowen decreased their price target on shares of FreightCar America from $6.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday, November 1st. Zacks Investment Research downgraded FreightCar America from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Finally, Buckingham Research set a $3.50 price objective on FreightCar America and gave the company a “hold” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.19.

A number of large investors have recently modified their holdings of RAIL. Renaissance Technologies LLC raised its position in FreightCar America by 604.0% during the second quarter. Renaissance Technologies LLC now owns 88,000 shares of the transportation company’s stock valued at $517,000 after purchasing an additional 75,500 shares in the last quarter. Minerva Advisors LLC bought a new stake in FreightCar America in the 2nd quarter worth approximately $427,000. Paloma Partners Management Co purchased a new stake in FreightCar America in the second quarter worth approximately $311,000. Pacific Ridge Capital Partners LLC boosted its stake in FreightCar America by 24.0% in the second quarter. Pacific Ridge Capital Partners LLC now owns 261,914 shares of the transportation company’s stock worth $1,537,000 after buying an additional 50,699 shares in the last quarter. Finally, Morgan Stanley grew its position in FreightCar America by 791.4% during the second quarter. Morgan Stanley now owns 29,070 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 25,809 shares during the last quarter. 72.76% of the stock is owned by institutional investors.

RAIL traded up $0.04 during midday trading on Friday, reaching $1.92. The company had a trading volume of 2,846 shares, compared to its average volume of 178,014. FreightCar America has a 12-month low of $1.78 and a 12-month high of $9.37. The business has a 50-day moving average price of $3.11 and a two-hundred day moving average price of $4.73. The stock has a market cap of $24.61 million, a PE ratio of -1.09 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.24 and a current ratio of 2.14.

About FreightCar America

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. It operates through two segments, Manufacturing and Parts. 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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