Brokerages Expect FreightCar America, Inc. (NASDAQ:RAIL) Will Announce Earnings of -$0.94 Per Share

Brokerages forecast that FreightCar America, Inc. (NASDAQ:RAIL) will post ($0.94) earnings per share for the current quarter, Zacks reports. Zero analysts have issued estimates for FreightCar America’s earnings. FreightCar America reported earnings per share of ($0.41) during the same quarter last year, which indicates a negative year-over-year growth rate of 129.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, July 29th.

On average, analysts expect that FreightCar America will report full year earnings of ($3.32) per share for the current year, with EPS estimates ranging from ($3.64) to ($3.00). For the next fiscal year, analysts forecast that the company will post earnings of ($1.69) per share, with EPS estimates ranging from ($2.05) to ($1.32). Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for FreightCar America.

FreightCar America (NASDAQ:RAIL) last released its earnings results on Monday, May 11th. The transportation company reported ($1.29) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.55). The business had revenue of $5.20 million for the quarter. FreightCar America had a negative net margin of 47.49% and a negative return on equity of 40.18%.

Separately, Cowen reaffirmed a “hold” rating and set a $1.20 target price on shares of FreightCar America in a research report on Wednesday, May 13th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Fairfax Financial Holdings Ltd Can increased its position in shares of FreightCar America by 104.5% during the 4th quarter. Fairfax Financial Holdings Ltd Can now owns 450,000 shares of the transportation company’s stock worth $923,000 after purchasing an additional 230,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of FreightCar America by 163.6% during the 4th quarter. Renaissance Technologies LLC now owns 356,584 shares of the transportation company’s stock worth $738,000 after buying an additional 221,300 shares during the last quarter. Minerva Advisors LLC lifted its position in shares of FreightCar America by 43.6% during the 4th quarter. Minerva Advisors LLC now owns 310,148 shares of the transportation company’s stock worth $636,000 after buying an additional 94,158 shares during the last quarter. Needham Investment Management LLC bought a new stake in shares of FreightCar America during the 4th quarter worth $83,000. Finally, Bank of New York Mellon Corp lifted its position in shares of FreightCar America by 24.8% during the 1st quarter. Bank of New York Mellon Corp now owns 137,836 shares of the transportation company’s stock worth $128,000 after buying an additional 27,386 shares during the last quarter. 37.82% of the stock is owned by institutional investors.

Shares of FreightCar America stock opened at $1.29 on Tuesday. The stock has a market capitalization of $16.38 million, a P/E ratio of -0.21 and a beta of 1.76. The company has a quick ratio of 1.01, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $1.37 and a two-hundred day moving average price of $1.42. FreightCar America has a 12-month low of $0.73 and a 12-month high of $5.98.

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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