FreightCar America (NASDAQ:RAIL) Issues Quarterly Earnings Results

FreightCar America (NASDAQ:RAIL) announced its quarterly earnings data on Wednesday. The transportation company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.16, Zacks reports. FreightCar America had a negative net margin of 20.66% and a negative return on equity of 27.10%.

FreightCar America Stock Performance

FreightCar America stock traded down $0.27 during midday trading on Wednesday, reaching $6.23. The stock had a trading volume of 360,609 shares, compared to its average volume of 210,346. The stock has a market capitalization of $118.74 million, a PE ratio of -1.47 and a beta of 2.08. The stock’s 50-day simple moving average is $10.47 and its 200 day simple moving average is $10.54. FreightCar America has a twelve month low of $3.02 and a twelve month high of $16.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of FreightCar America from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

FreightCar America Company Profile

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.