Freightcar America, Inc. (NASDAQ:RAIL) to Issue $0.09 Quarterly Dividend
Freightcar America, Inc. (NASDAQ:RAIL) declared a quarterly dividend on Monday, August 7th, RTT News reports. Stockholders of record on Thursday, August 17th will be paid a dividend of 0.09 per share by the transportation company on Wednesday, August 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.93%.
Shares of Freightcar America (NASDAQ RAIL) traded down 2.00% on Monday, hitting $18.62. The stock had a trading volume of 135,155 shares. Freightcar America has a 12-month low of $10.87 and a 12-month high of $19.40. The firm has a market cap of $228.71 million, a price-to-earnings ratio of 716.15 and a beta of 1.60. The stock has a 50 day moving average of $17.05 and a 200 day moving average of $15.10.
Freightcar America (NASDAQ:RAIL) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.04) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.04). The business had revenue of $118.67 million for the quarter, compared to analysts’ expectations of $108.43 million. Freightcar America had a return on equity of 1.61% and a net margin of 0.06%. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) earnings per share. Equities analysts predict that Freightcar America will post ($0.21) earnings per share for the current fiscal year.
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In other news, insider Theodore W. Baun sold 4,481 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $17.25, for a total value of $77,297.25. Following the sale, the insider now directly owns 14,502 shares in the company, valued at $250,159.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.13% of the stock is currently owned by company insiders.
Several brokerages have recently issued reports on RAIL. Zacks Investment Research cut Freightcar America from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Cowen and Company reiterated a “hold” rating and issued a $15.00 price objective on shares of Freightcar America in a research note on Tuesday, July 11th. Buckingham Research began coverage on Freightcar America in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $17.00 price objective on the stock. Finally, ValuEngine upgraded Freightcar America from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $16.00.
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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