Analysts Expect FreightCar America, Inc. (NASDAQ:RAIL) to Announce -$0.75 Earnings Per Share

Equities analysts expect FreightCar America, Inc. (NASDAQ:RAIL) to announce ($0.75) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for FreightCar America’s earnings. FreightCar America reported earnings of ($1.09) per share in the same quarter last year, which would indicate a positive year over year growth rate of 31.2%. The firm is expected to announce its next quarterly earnings results on Wednesday, November 4th.

On average, analysts expect that FreightCar America will report full year earnings of ($3.64) per share for the current fiscal year, with EPS estimates ranging from ($3.67) to ($3.60). For the next year, analysts forecast that the company will post earnings of ($1.29) per share, with EPS estimates ranging from ($1.90) to ($0.68). Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow FreightCar America.

FreightCar America (NASDAQ:RAIL) last announced its earnings results on Monday, August 10th. The transportation company reported ($0.97) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.18). FreightCar America had a negative net margin of 69.29% and a negative return on equity of 54.13%. The business had revenue of $17.46 million for the quarter.

Separately, Zacks Investment Research upgraded shares of FreightCar America from a “sell” rating to a “hold” rating in a research note on Tuesday, August 4th.

Shares of RAIL stock traded up $0.05 during mid-day trading on Tuesday, reaching $2.39. 109,588 shares of the company’s stock traded hands, compared to its average volume of 154,454. The company has a market cap of $31.83 million, a P/E ratio of -0.41 and a beta of 1.97. The company’s 50-day moving average price is $2.21 and its 200-day moving average price is $1.59. FreightCar America has a 12 month low of $0.73 and a 12 month high of $4.85. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.07.

A number of institutional investors have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC boosted its stake in FreightCar America by 16.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 564,288 shares of the transportation company’s stock worth $700,000 after purchasing an additional 79,187 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in FreightCar America by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 174,482 shares of the transportation company’s stock valued at $216,000 after acquiring an additional 36,646 shares during the period. Bridgeway Capital Management Inc. lifted its stake in FreightCar America by 73.2% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 118,300 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 50,000 shares during the period. Needham Investment Management LLC lifted its stake in FreightCar America by 62.5% during the 1st quarter. Needham Investment Management LLC now owns 65,000 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 25,000 shares during the period. Finally, Virtu Financial LLC bought a new position in FreightCar America during the 2nd quarter valued at about $49,000. Institutional investors own 34.45% of the company’s stock.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars and railcar components 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 covered hopper cars; open top hoppers; coil gondolas; triple hoppers and hybrid aluminum/stainless steel railcars; ore hopper and gondola railcars; ballast hopper cars; aggregate hopper cars; intermodal flat cars; and non-intermodal flat cars.

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