News coverage about Freightcar America (NASDAQ:RAIL) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Freightcar America earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 46.262331656835 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of equities research analysts have recently commented on RAIL shares. Zacks Investment Research raised Freightcar America from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, July 18th. ValuEngine raised Freightcar America from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Cowen and Company reissued a “hold” rating and issued a $15.00 target price on shares of Freightcar America in a research note on Tuesday, July 11th. Finally, Buckingham Research began coverage on Freightcar America in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $17.00 target price on the stock. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.00.
Shares of Freightcar America (RAIL) traded up 0.51% on Friday, hitting $17.87. The stock had a trading volume of 126,251 shares. The company’s 50 day moving average price is $17.48 and its 200-day moving average price is $15.77. Freightcar America has a 12 month low of $10.87 and a 12 month high of $19.66. The company has a market cap of $222.09 million, a P/E ratio of 687.31 and a beta of 1.61.
Freightcar America (NASDAQ:RAIL) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.04) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.04). Freightcar America had a return on equity of 1.61% and a net margin of 0.06%. The company had revenue of $118.67 million for the quarter, compared to analysts’ expectations of $108.43 million. During the same period last year, the firm earned ($0.04) earnings per share. Freightcar America’s quarterly revenue was down 5.9% on a year-over-year basis. On average, analysts expect that Freightcar America will post ($0.21) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Thursday, August 17th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Tuesday, August 15th. Freightcar America’s dividend payout ratio is presently 1,800.00%.
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About Freightcar America
FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.
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