Equities analysts expect FreightCar America, Inc. (NASDAQ:RAIL) to report earnings per share (EPS) of ($0.35) for the current quarter, Zacks reports. 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 during the same quarter last year, which would suggest a negative year-over-year growth rate of 600%. The firm is scheduled to issue its next quarterly earnings report on Monday, February 26th.
On average, analysts expect that FreightCar America will report full-year earnings of ($0.98) per share for the current fiscal year, with EPS estimates ranging from ($1.13) to ($0.90). For the next fiscal year, analysts forecast that the company will report earnings of ($0.81) per share, with EPS estimates ranging from ($0.95) to ($0.62). Zacks’ EPS calculations are an average based on a survey of research analysts that cover FreightCar America.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut FreightCar America from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Stifel Nicolaus restated a “hold” rating and issued a $14.00 price target (down previously from $15.00) on shares of FreightCar America in a research note on Tuesday, November 7th. ValuEngine cut FreightCar America from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Finally, Seaport Global Securities assumed coverage on FreightCar America in a research note on Thursday, January 4th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. FreightCar America currently has a consensus rating of “Hold” and an average price target of $16.25.
Several institutional investors and hedge funds have recently modified their holdings of RAIL. Boston Partners grew its holdings in shares of FreightCar America by 14.6% in the third quarter. Boston Partners now owns 1,082,820 shares of the transportation company’s stock worth $21,180,000 after acquiring an additional 138,021 shares during the period. Pacific Ridge Capital Partners LLC bought a new stake in shares of FreightCar America in the fourth quarter worth $2,344,000. Wells Fargo & Company MN grew its holdings in shares of FreightCar America by 25.0% in the fourth quarter. Wells Fargo & Company MN now owns 373,064 shares of the transportation company’s stock worth $6,372,000 after acquiring an additional 74,494 shares during the period. Russell Investments Group Ltd. grew its holdings in FreightCar America by 23.0% during the third quarter. Russell Investments Group Ltd. now owns 397,287 shares of the transportation company’s stock valued at $7,770,000 after purchasing an additional 74,251 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in FreightCar America during the second quarter valued at about $1,136,000. 87.39% of the stock is owned by institutional investors.
FreightCar America (NASDAQ:RAIL) opened at $14.61 on Tuesday. FreightCar America has a one year low of $12.07 and a one year high of $20.46. The firm has a market capitalization of $178.87, a price-to-earnings ratio of -15.88 and a beta of 1.46.
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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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