Freightcar America (NASDAQ:RAIL – Get Free Report) issued its earnings results on Monday. The transportation company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.11), FiscalAI reports. Freightcar America had a negative net margin of 2.69% and a negative return on equity of 15.23%. The business had revenue of $76.49 million during the quarter, compared to the consensus estimate of $75.75 million.
Freightcar America Stock Performance
Shares of RAIL traded up $0.21 during midday trading on Monday, reaching $4.45. 239,654 shares of the stock were exchanged, compared to its average volume of 223,082. The stock’s 50 day simple moving average is $6.07 and its 200 day simple moving average is $8.45. The company has a market cap of $145.92 million, a P/E ratio of -8.24 and a beta of 1.58. Freightcar America has a twelve month low of $3.85 and a twelve month high of $14.90. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 2.70.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on RAIL shares. Zacks Research cut Freightcar America from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 21st. Weiss Ratings restated a “sell (d)” rating on shares of Freightcar America in a report on Monday, November 2nd. Finally, Wall Street Zen downgraded shares of Freightcar America from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Two equities research analysts have rated the stock with a Sell rating. Based on data from MarketBeat, Freightcar America currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on Freightcar America
Freightcar America Company Profile
FreightCar America, Inc designs and manufactures freight railcars for the North American rail transportation industry. Its product portfolio has included aluminum and steel railcars, such as open-top hopper cars, gondolas, flat cars and other specialized freight equipment used to transport coal, aggregates, metals, agricultural products and other bulk commodities.
The company serves major railroads, railcar leasing companies and industrial shippers. Its railcars are designed for applications that require durable, high-capacity equipment, with product offerings tailored to commodity transportation and intermodal or specialized freight needs.
FreightCar America traces its roots to the early 1900s and has historically operated manufacturing and engineering activities in the United States and Mexico.
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