Freightcar America (NASDAQ:RAIL) Announces Earnings Results

Freightcar America (NASDAQ:RAIL) issued its earnings results on Monday. The transportation company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07, Zacks reports. Freightcar America had a negative return on equity of 14.89% and a negative net margin of 2.21%. Freightcar America updated its FY 2025 guidance to EPS.

Freightcar America Trading Up 10.2%

Shares of RAIL stock opened at $9.35 on Monday. The company has a market capitalization of $178.76 million, a P/E ratio of -13.39 and a beta of 2.08. The stock has a 50 day moving average of $9.14 and a two-hundred day moving average of $8.83. Freightcar America has a 12 month low of $4.31 and a 12 month high of $16.10.

Institutional Trading of Freightcar America

A number of large investors have recently bought and sold shares of the stock. State of Wyoming acquired a new stake in shares of Freightcar America during the 2nd quarter worth about $63,000. Dynamic Technology Lab Private Ltd bought a new position in Freightcar America during the 1st quarter worth approximately $61,000. Raymond James Financial Inc. increased its position in shares of Freightcar America by 24.7% in the 2nd quarter. Raymond James Financial Inc. now owns 20,545 shares of the transportation company’s stock valued at $177,000 after buying an additional 4,067 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Freightcar America during the 1st quarter valued at about $147,000. Finally, Man Group plc boosted its holdings in shares of Freightcar America by 38.5% in the second quarter. Man Group plc now owns 88,158 shares of the transportation company’s stock valued at $760,000 after buying an additional 24,515 shares during the period. 31.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RAIL. Wall Street Zen downgraded shares of Freightcar America from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of Freightcar America from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings downgraded shares of Freightcar America from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.00.

About Freightcar America

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.