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

Brokerages predict that FreightCar America, Inc. (NASDAQ:RAIL) will report ($0.94) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for FreightCar America’s earnings. FreightCar America posted earnings per share of ($0.41) in the same quarter last year, which would suggest a negative year over year growth rate of 129.3%. The business is expected to announce its next earnings report 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 anticipate that the company will post earnings of ($1.69) per share, with EPS estimates ranging from ($2.05) to ($1.32). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow FreightCar America.

FreightCar America (NASDAQ:RAIL) last released its quarterly earnings data 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 during the quarter. FreightCar America had a negative net margin of 47.49% and a negative return on equity of 40.18%.

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

Shares of RAIL stock traded down $0.05 during mid-day trading on Monday, reaching $1.23. 209,600 shares of the stock traded hands, compared to its average volume of 120,285. The stock’s fifty day simple moving average is $1.32 and its two-hundred day simple moving average is $1.48. FreightCar America has a 1-year low of $0.73 and a 1-year high of $6.16. The company has a market cap of $17.00 million, a price-to-earnings 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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC increased its holdings in shares of FreightCar America by 5.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 457,317 shares of the transportation company’s stock valued at $947,000 after acquiring an additional 24,573 shares in the last quarter. Fairfax Financial Holdings Ltd Can increased its holdings in shares of FreightCar America by 104.5% during the fourth quarter. Fairfax Financial Holdings Ltd Can now owns 450,000 shares of the transportation company’s stock valued at $923,000 after acquiring an additional 230,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of FreightCar America by 163.6% during the fourth quarter. Renaissance Technologies LLC now owns 356,584 shares of the transportation company’s stock valued at $738,000 after buying an additional 221,300 shares during the last quarter. Minerva Advisors LLC boosted its position in shares of FreightCar America by 43.6% during the fourth quarter. Minerva Advisors LLC now owns 310,148 shares of the transportation company’s stock valued at $636,000 after buying an additional 94,158 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of FreightCar America by 24.8% during the first quarter. Bank of New York Mellon Corp now owns 137,836 shares of the transportation company’s stock valued at $128,000 after buying an additional 27,386 shares during the last quarter. Hedge funds and other institutional investors own 37.82% of the company’s stock.

About FreightCar America

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.

Further Reading: What is a Call Option?

Get a free copy of the Zacks research report on FreightCar America (RAIL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for FreightCar America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FreightCar America and related companies with MarketBeat.com's FREE daily email newsletter.