Posted by admin on May 17th, 2022
Brokerages predict that FreightCar America, Inc. (NASDAQ:RAIL – Get Rating) will post earnings per share (EPS) of ($0.07) for the current quarter, according to Zacks. Zero analysts have made estimates for FreightCar America’s earnings. FreightCar America reported earnings of ($0.13) per share during the same quarter last year, which indicates a positive year over year growth rate of 46.2%. The company is scheduled to issue its next earnings results on Monday, January 1st.
On average, analysts expect that FreightCar America will report full year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.33) to ($0.20). For the next year, analysts expect that the business will post earnings of $0.27 per share, with EPS estimates ranging from $0.24 to $0.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover FreightCar America.
FreightCar America (NASDAQ:RAIL – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The transportation company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The firm had revenue of $93.24 million during the quarter. FreightCar America had a negative net margin of 10.05% and a negative return on equity of 3,048.14%. During the same period in the previous year, the business earned ($0.48) earnings per share.
Several brokerages recently issued reports on RAIL. StockNews.com cut FreightCar America from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research cut FreightCar America from a “buy” rating to a “hold” rating in a research report on Saturday, March 19th.
In other FreightCar America news, major shareholder Benavides Alejandro Gil acquired 47,090 shares of the business’s stock in a transaction on Wednesday, May 11th. The shares were acquired at an average price of $3.70 per share, with a total value of $174,233.00. Following the completion of the transaction, the insider now owns 127,000 shares in the company, valued at $469,900. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO James R. Meyer acquired 25,000 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was acquired at an average cost of $3.64 per share, for a total transaction of $91,000.00. Following the transaction, the chief executive officer now owns 433,101 shares of the company’s stock, valued at approximately $1,576,487.64. The disclosure for this purchase can be found here. In the last three months, insiders acquired 81,940 shares of company stock worth $299,511. Insiders own 15.52% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of RAIL. Morgan Stanley raised its stake in shares of FreightCar America by 3,303.2% in the second quarter. Morgan Stanley now owns 305,399 shares of the transportation company’s stock valued at $1,811,000 after buying an additional 296,425 shares during the period. Allianz Asset Management GmbH raised its stake in shares of FreightCar America by 69.9% during the 1st quarter. Allianz Asset Management GmbH now owns 693,077 shares of the transportation company’s stock valued at $4,096,000 after purchasing an additional 285,119 shares during the period. EAM Investors LLC bought a new stake in shares of FreightCar America during the 1st quarter valued at $1,468,000. Minerva Advisors LLC raised its stake in shares of FreightCar America by 26.0% during the 3rd quarter. Minerva Advisors LLC now owns 614,121 shares of the transportation company’s stock valued at $2,764,000 after purchasing an additional 126,711 shares during the period. Finally, FineMark National Bank & Trust bought a new stake in shares of FreightCar America during the 4th quarter valued at $369,000. Hedge funds and other institutional investors own 86.59% of the company’s stock.
Shares of NASDAQ:RAIL opened at $4.26 on Tuesday. The stock has a market cap of $70.23 million, a price-to-earnings ratio of -3.70 and a beta of 2.23. FreightCar America has a 12-month low of $3.06 and a 12-month high of $7.69. The business’s 50 day moving average is $5.17 and its 200 day moving average is $4.36.
FreightCar America Company Profile (Get Rating)
FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products primarily in North America. It operates in two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers; covered hopper cars; gondolas; triple hoppers and hybrid aluminum/stainless steel railcars; ore hopper and gondola railcars; ballast hopper cars; aggregate hopper cars; intermodal flats; and non-intermodal flat cars.
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