FreightCar America (RAIL) Announces Earnings Results

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FreightCar America (NASDAQ:RAIL) posted its quarterly earnings results on Wednesday. The transportation company reported ($1.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.64), Fidelity Earnings reports. The company had revenue of $70.71 million during the quarter, compared to analyst estimates of $65.40 million. FreightCar America had a negative net margin of 12.82% and a negative return on equity of 10.36%.

Shares of NASDAQ RAIL traded up $0.13 during midday trading on Friday, hitting $6.76. 82,282 shares of the company’s stock were exchanged, compared to its average volume of 103,780. FreightCar America has a twelve month low of $6.05 and a twelve month high of $20.14. The firm has a market capitalization of $87.20 million, a PE ratio of -3.80 and a beta of 1.54.

A number of equities research analysts have issued reports on the company. Zacks Investment Research lowered FreightCar America from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 5th. ValuEngine lowered FreightCar America from a “hold” rating to a “sell” rating in a research report on Wednesday. Buckingham Research set a $7.00 price target on FreightCar America and gave the company a “hold” rating in a research report on Friday, March 22nd. Finally, Stifel Nicolaus set a $8.00 price target on FreightCar America and gave the company a “hold” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. FreightCar America presently has a consensus rating of “Hold” and an average price target of $13.25.

An institutional investor recently raised its position in FreightCar America stock. Geode Capital Management LLC boosted its position in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 123,639 shares of the transportation company’s stock after purchasing an additional 6,404 shares during the quarter. Geode Capital Management LLC owned about 0.99% of FreightCar America worth $827,000 at the end of the most recent reporting period. Institutional investors own 87.07% of the company’s stock.

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FreightCar America Company Profile

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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Earnings History for FreightCar America (NASDAQ:RAIL)

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