Wall Street brokerages expect FreightCar America, Inc. (NASDAQ:RAIL) to post ($0.35) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for FreightCar America’s earnings, with estimates ranging from ($0.53) to ($0.28). FreightCar America reported earnings per share of $0.07 in the same quarter last year, which suggests a negative year over year growth rate of 600%. The business is expected to report its next earnings report on Monday, February 26th.

On average, analysts expect that FreightCar America will report full year earnings of ($0.98) per share for the current fiscal year, with EPS estimates ranging from ($1.13) to ($0.90). For the next year, analysts expect that the firm will post earnings of ($0.81) per share, with EPS estimates ranging from ($0.95) to ($0.62). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow FreightCar America.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings results on Wednesday, November 1st. The transportation company reported ($0.73) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.63). FreightCar America had a negative net margin of 2.44% and a negative return on equity of 2.56%. The business had revenue of $72.00 million during the quarter, compared to analyst estimates of $87.20 million. The firm’s revenue was down 36.6% on a year-over-year basis.

RAIL has been the subject of several research reports. Zacks Investment Research raised shares of FreightCar America from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.00 price target (down from $15.00) on shares of FreightCar America in a report on Tuesday, November 7th. ValuEngine lowered shares of FreightCar America from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Finally, Seaport Global Securities initiated coverage on shares of FreightCar America in a report on Thursday, January 4th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. FreightCar America has an average rating of “Hold” and an average price target of $16.25.

FreightCar America (RAIL) traded down $0.03 during midday trading on Friday, hitting $15.55. 55,059 shares of the stock traded hands, compared to its average volume of 65,180. FreightCar America has a 1-year low of $12.07 and a 1-year high of $20.46. The firm has a market cap of $193.13, a price-to-earnings ratio of -16.93 and a beta of 1.65.

In other FreightCar America news, Director S Carl Soderstrom, Jr. sold 2,500 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $15.71, for a total transaction of $39,275.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James R. Meyer bought 10,000 shares of FreightCar America stock in a transaction on Wednesday, November 8th. The shares were purchased at an average cost of $14.34 per share, with a total value of $143,400.00. Following the completion of the purchase, the insider now directly owns 2,619 shares in the company, valued at $37,556.46. The disclosure for this purchase can be found here. Insiders sold a total of 11,500 shares of company stock valued at $179,090 over the last ninety days. Company insiders own 4.13% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. KBC Group NV acquired a new position in FreightCar America during the 3rd quarter valued at about $178,000. Alliancebernstein L.P. acquired a new position in FreightCar America during the 2nd quarter valued at about $212,000. Virtu KCG Holdings LLC acquired a new position in FreightCar America during the 2nd quarter valued at about $258,000. Rhumbline Advisers boosted its stake in FreightCar America by 2.5% during 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, The Manufacturers Life Insurance Company boosted its stake in FreightCar America by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,950 shares of the transportation company’s stock valued at $330,000 after purchasing an additional 1,196 shares during the period. 83.94% of the stock is owned by hedge funds and other 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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Earnings History and Estimates for FreightCar America (NASDAQ:RAIL)

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