FreightCar America (NASDAQ:RAIL) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of ($0.35) per share for the quarter.
FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings data on Tuesday, February 26th. The transportation company reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by ($0.13). The firm had revenue of $87.84 million during the quarter, compared to analysts’ expectations of $99.50 million. FreightCar America had a negative net margin of 12.82% and a negative return on equity of 10.36%. On average, analysts expect FreightCar America to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ:RAIL opened at $7.12 on Monday. The stock has a market capitalization of $89.73 million, a price-to-earnings ratio of -4.00 and a beta of 1.49. FreightCar America has a 52 week low of $6.05 and a 52 week high of $20.14.
RAIL has been the subject of several analyst reports. Stifel Nicolaus set a $8.00 price objective on shares of FreightCar America and gave the company a “hold” rating in a research note on Tuesday, April 2nd. ValuEngine upgraded shares of FreightCar America from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Buckingham Research set a $7.00 price objective on shares of FreightCar America and gave the company a “hold” rating in a research note on Friday, March 22nd. Finally, Zacks Investment Research upgraded shares of FreightCar America from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.25.
A hedge fund recently raised its stake in FreightCar America stock. Geode Capital Management LLC raised its position in FreightCar America, Inc. (NASDAQ:RAIL) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,639 shares of the transportation company’s stock after buying an additional 6,404 shares during the period. Geode Capital Management LLC owned 0.99% of FreightCar America worth $827,000 as of its most recent filing with the SEC. 87.08% of the stock is owned by institutional investors and hedge funds.
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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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