News headlines about Freightcar America (NASDAQ:RAIL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Freightcar America earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 46.6655110701072 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Freightcar America (RAIL) opened at 17.06 on Friday. The stock’s 50 day moving average price is $17.30 and its 200 day moving average price is $15.38. The firm has a market cap of $212.02 million, a P/E ratio of 656.15 and a beta of 1.60. Freightcar America has a 1-year low of $10.87 and a 1-year high of $19.66.
Freightcar America (NASDAQ:RAIL) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The business had revenue of $118.67 million during the quarter, compared to analyst estimates of $108.43 million. Freightcar America had a return on equity of 1.61% and a net margin of 0.06%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Equities research analysts predict that Freightcar America will post ($0.21) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Thursday, August 17th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.36 annualized dividend and a dividend yield of 2.11%. Freightcar America’s dividend payout ratio (DPR) is 1,800.00%.
Several research firms have recently issued reports on RAIL. Zacks Investment Research downgraded Freightcar America from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Cowen and Company reaffirmed a “hold” rating and set a $15.00 price target on shares of Freightcar America in a research note on Tuesday, July 11th. Buckingham Research began coverage on Freightcar America in a research note on Wednesday, June 21st. They set a “neutral” rating and a $17.00 price target for the company. Finally, ValuEngine raised Freightcar America from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.00.
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In other news, insider Theodore W. Baun sold 4,481 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $17.25, for a total value of $77,297.25. Following the completion of the sale, the insider now owns 14,502 shares in the company, valued at $250,159.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.13% of the company’s stock.
Freightcar America Company Profile
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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