FreightCar America (NASDAQ:RAIL) Issues Earnings Results, Meets Estimates

FreightCar America (NASDAQ:RAIL) posted its earnings results on Monday. The transportation company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05, Yahoo Finance reports. FreightCar America had a negative return on equity of 20.71% and a negative net margin of 6.88%. The firm had revenue of $147.42 million for the quarter, compared to analysts’ expectations of $127.09 million. During the same period last year, the firm earned $0.02 EPS. FreightCar America updated its FY 2024 guidance to EPS.

FreightCar America Stock Performance

NASDAQ:RAIL traded up $0.53 during trading hours on Wednesday, hitting $4.70. 207,373 shares of the company’s stock traded hands, compared to its average volume of 39,225. The stock’s fifty day moving average price is $3.41 and its two-hundred day moving average price is $3.43. The firm has a market cap of $87.94 million, a P/E ratio of -2.94 and a beta of 1.97. FreightCar America has a twelve month low of $2.25 and a twelve month high of $4.80.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com initiated coverage on FreightCar America in a research note on Sunday. They issued a “hold” rating on the stock. Noble Financial upgraded shares of FreightCar America to a “strong-buy” rating in a report on Friday, June 28th.

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.