Brokerages expect FreightCar America, Inc. (NASDAQ:RAIL) to announce earnings per share (EPS) of ($0.29) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for FreightCar America’s earnings, with estimates ranging from ($0.38) to ($0.19). FreightCar America posted earnings of ($0.73) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 60.3%. The firm is expected to report its next quarterly earnings report on Wednesday, November 7th.

On average, analysts expect that FreightCar America will report full year earnings of ($1.20) per share for the current financial year, with EPS estimates ranging from ($1.44) to ($0.99). For the next fiscal year, analysts anticipate that the company will report earnings of ($0.09) per share, with EPS estimates ranging from ($0.28) to $0.16. Zacks’ earnings per share averages are an average based on a survey of research firms that follow FreightCar America.

FreightCar America (NASDAQ:RAIL) last released its quarterly earnings results on Wednesday, August 1st. The transportation company reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.46) by $0.27. FreightCar America had a negative return on equity of 10.78% and a negative net margin of 10.46%. The company had revenue of $66.74 million for the quarter, compared to analyst estimates of $78.30 million.

Several equities research analysts recently weighed in on RAIL shares. ValuEngine upgraded FreightCar America from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded FreightCar America from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, July 5th. Stifel Nicolaus lifted their price target on FreightCar America from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, May 7th. Stephens reissued a “hold” rating and issued a $19.00 target price on shares of FreightCar America in a report on Thursday, August 2nd. Finally, Buckingham Research boosted their target price on FreightCar America from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, August 13th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.00.

A number of institutional investors have recently added to or reduced their stakes in RAIL. Renaissance Technologies LLC boosted its holdings in FreightCar America by 36.4% in the fourth quarter. Renaissance Technologies LLC now owns 57,000 shares of the transportation company’s stock worth $974,000 after acquiring an additional 15,201 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in FreightCar America by 95.9% in the first quarter. Wells Fargo & Company MN now owns 730,734 shares of the transportation company’s stock worth $9,790,000 after acquiring an additional 357,670 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new stake in FreightCar America in the first quarter worth $670,000. Mackay Shields LLC bought a new stake in FreightCar America in the first quarter worth $1,124,000. Finally, Trexquant Investment LP bought a new stake in FreightCar America in the first quarter worth $162,000. 90.89% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ RAIL opened at $17.83 on Tuesday. FreightCar America has a twelve month low of $12.53 and a twelve month high of $20.46. The company has a market cap of $227.96 million, a P/E ratio of -15.37 and a beta of 1.59.

FreightCar America Company Profile

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. 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.

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

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