FreightCar America (RAIL) Scheduled to Post Quarterly Earnings on Tuesday

FreightCar America (NASDAQ:RAIL) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect FreightCar America to post earnings of $0.05 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

FreightCar America (NASDAQ:RAIL) last released its quarterly earnings results on Monday, August 12th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $147.42 million during the quarter, compared to the consensus estimate of $127.09 million. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. During the same period in the previous year, the company posted $0.02 EPS. On average, analysts expect FreightCar America to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

FreightCar America Price Performance

RAIL stock opened at $15.23 on Monday. The business’s fifty day moving average price is $11.47 and its two-hundred day moving average price is $6.55. The stock has a market capitalization of $287.39 million, a price-to-earnings ratio of -21.76 and a beta of 2.00. FreightCar America has a fifty-two week low of $2.25 and a fifty-two week high of $15.56.

Insider Activity at FreightCar America

In related news, Director Nigris Felan Jose De acquired 4,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was purchased at an average cost of $10.19 per share, with a total value of $40,760.00. Following the acquisition, the director now directly owns 73,147 shares of the company’s stock, valued at approximately $745,367.93. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director William D. Gehl sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total transaction of $108,300.00. Following the completion of the sale, the director now owns 147,608 shares of the company’s stock, valued at approximately $1,598,594.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nigris Felan Jose De purchased 4,000 shares of FreightCar America stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average price of $10.19 per share, for a total transaction of $40,760.00. Following the transaction, the director now directly owns 73,147 shares in the company, valued at $745,367.93. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 28.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of FreightCar America from a “buy” rating to a “hold” rating in a research note on Friday, September 27th.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.