Wall Street brokerages expect FreightCar America, Inc. (NASDAQ:RAIL) to announce ($0.35) earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for FreightCar America’s earnings, with the highest EPS estimate coming in at ($0.28) and the lowest estimate coming in at ($0.53). FreightCar America reported earnings of $0.07 per share during the same quarter last year, which would indicate a negative year over year growth rate of 600%. The firm is expected to announce its next quarterly earnings report on Monday, February 26th.
According to Zacks, analysts expect that FreightCar America will report full-year earnings of ($0.98) per share for the current year, with EPS estimates ranging from ($1.13) to ($0.90). For the next year, analysts expect that the firm will report earnings of ($0.81) per share, with EPS estimates ranging from ($0.95) to ($0.62). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover FreightCar America.
FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings data on Wednesday, November 1st. The transportation company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.63). The firm had revenue of $72.00 million for the quarter, compared to the consensus estimate of $87.20 million. FreightCar America had a negative return on equity of 2.56% and a negative net margin of 2.44%. The business’s quarterly revenue was down 36.6% on a year-over-year basis.
A number of brokerages recently weighed in on RAIL. ValuEngine lowered FreightCar America from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research lowered FreightCar America from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Stifel Nicolaus reiterated a “hold” rating and issued a $14.00 price target (down previously from $15.00) on shares of FreightCar America in a research report on Tuesday, November 7th. Finally, Seaport Global Securities started coverage on FreightCar America in a research report on Thursday, January 4th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $16.25.
Shares of FreightCar America (NASDAQ:RAIL) traded down $0.16 during mid-day trading on Wednesday, reaching $16.53. The company had a trading volume of 57,207 shares, compared to its average volume of 76,849. The company has a market cap of $204.90, a price-to-earnings ratio of -17.97 and a beta of 1.65. FreightCar America has a twelve month low of $12.07 and a twelve month high of $20.46.
In other FreightCar America news, Director S Carl Soderstrom, Jr. sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $15.01, for a total value of $30,020.00. Following the sale, the director now owns 18,204 shares in the company, valued at approximately $273,242.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director S Carl Soderstrom, Jr. sold 2,500 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $15.71, for a total value of $39,275.00. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock worth $179,090 in the last quarter. Corporate insiders own 4.13% of the company’s stock.
Large investors have recently made changes to their positions in the company. KBC Group NV acquired a new position in shares of FreightCar America in the 3rd quarter valued at about $178,000. Alliancebernstein L.P. acquired a new position in shares of FreightCar America in the 2nd quarter valued at about $212,000. Virtu KCG Holdings LLC acquired a new position in shares of FreightCar America in the 2nd quarter valued at about $258,000. Rhumbline Advisers lifted its stake in shares of FreightCar America by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 15,664 shares of the transportation company’s stock valued at $272,000 after purchasing an additional 387 shares during the period. Finally, Chicago Equity Partners LLC acquired a new position in shares of FreightCar America in the 2nd quarter valued at about $329,000. 84.30% of the stock is currently owned by institutional investors.
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About FreightCar America
FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.
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