Equities analysts expect FreightCar America, Inc. (NASDAQ:RAIL) to report earnings of ($0.35) per share for the current quarter, according to Zacks. Two analysts have made estimates for FreightCar America’s earnings. The lowest EPS estimate is ($0.53) and the highest is ($0.28). FreightCar America reported earnings of $0.07 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 600%. The firm is scheduled to announce its next quarterly earnings results on Monday, February 26th.

On average, analysts expect that FreightCar America will report full year earnings of ($0.98) per share for the current year, with EPS estimates ranging from ($1.13) to ($0.90). For the next year, analysts expect that the business will post earnings of ($0.81) per share, with EPS estimates ranging from ($0.95) to ($0.62). Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for FreightCar America.

FreightCar America (NASDAQ:RAIL) last released its quarterly earnings data on Wednesday, November 1st. The transportation company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.63). The company had revenue of $72.00 million during the quarter, compared to analyst estimates of $87.20 million. FreightCar America had a negative net margin of 2.44% and a negative return on equity of 2.56%. The company’s revenue was down 36.6% on a year-over-year basis.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of FreightCar America from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Seaport Global Securities assumed coverage on shares of FreightCar America in a research note on Thursday, January 4th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $14.00 price objective (down previously from $15.00) on shares of FreightCar America in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.25.

In other news, Director S Carl Soderstrom, Jr. sold 4,500 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $15.61, for a total transaction of $70,245.00. Following the transaction, the director now owns 15,704 shares in the company, valued at approximately $245,139.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James R. Meyer purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $14.34 per share, for a total transaction of $143,400.00. Following the purchase, the insider now owns 2,619 shares in the company, valued at $37,556.46. The disclosure for this purchase can be found here. In the last quarter, insiders sold 11,500 shares of company stock worth $179,090. Company insiders own 4.13% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of FreightCar America by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 15,664 shares of the transportation company’s stock worth $272,000 after purchasing an additional 387 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of FreightCar America by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,950 shares of the transportation company’s stock worth $330,000 after purchasing an additional 1,196 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of FreightCar America by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 219,916 shares of the transportation company’s stock worth $3,825,000 after purchasing an additional 3,831 shares during the last quarter. Northern Trust Corp increased its stake in shares of FreightCar America by 5.3% during the 2nd quarter. Northern Trust Corp now owns 142,774 shares of the transportation company’s stock worth $2,483,000 after purchasing an additional 7,183 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of FreightCar America by 25.4% during the 3rd quarter. Nationwide Fund Advisors now owns 42,967 shares of the transportation company’s stock worth $840,000 after purchasing an additional 8,702 shares during the last quarter. Institutional investors own 84.30% of the company’s stock.

FreightCar America (NASDAQ:RAIL) opened at $16.35 on Wednesday. The firm has a market cap of $202.67, a P/E ratio of -17.77 and a beta of 1.65. FreightCar America has a 12 month low of $12.07 and a 12 month high of $20.46.

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FreightCar America Company Profile

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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Earnings History and Estimates for FreightCar America (NASDAQ:RAIL)

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