Freightcar America, Inc. (RAIL) Announces Quarterly Earnings Results
Freightcar America, Inc. (NASDAQ:RAIL) announced its quarterly earnings data on Wednesday. The transportation company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.63), Briefing.com reports. The firm had revenue of $72.00 million during the quarter, compared to analyst estimates of $87.20 million. Freightcar America had a net margin of 0.06% and a return on equity of 1.61%. Freightcar America’s quarterly revenue was down 36.6% on a year-over-year basis.
Several brokerages have issued reports on RAIL. Cowen and Company reissued a “hold” rating and issued a $15.00 price objective on shares of Freightcar America in a research note on Tuesday, July 11th. Zacks Investment Research cut shares of Freightcar America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $15.00 price objective on shares of Freightcar America in a research note on Thursday, September 21st. Five research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $16.50.
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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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