Brokerages Expect FreightCar America, Inc. (RAIL) Will Announce Quarterly Sales of $78.30 Million

Equities research analysts expect FreightCar America, Inc. (NASDAQ:RAIL) to post $78.30 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for FreightCar America’s earnings, with the lowest sales estimate coming in at $72.70 million and the highest estimate coming in at $83.90 million. FreightCar America reported sales of $118.67 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 34%. The business is expected to announce its next earnings report on Wednesday, August 1st.

On average, analysts expect that FreightCar America will report full-year sales of $311.60 million for the current fiscal year, with estimates ranging from $292.90 million to $330.30 million. For the next year, analysts anticipate that the business will post sales of $357.25 million per share, with estimates ranging from $339.00 million to $375.50 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for FreightCar America.

FreightCar America (NASDAQ:RAIL) last issued its earnings results on Wednesday, May 2nd. The transportation company reported ($0.51) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.62) by $0.11. FreightCar America had a negative net margin of 8.39% and a negative return on equity of 9.65%. The company had revenue of $82.97 million for the quarter, compared to analysts’ expectations of $65.85 million. During the same period in the prior year, the business earned $0.14 EPS.



Several research analysts have issued reports on the stock. Cowen reiterated a “hold” rating and set a $14.00 target price on shares of FreightCar America in a report on Thursday, March 1st. ValuEngine cut shares of FreightCar America from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded shares of FreightCar America from a “strong sell” rating to a “hold” rating in a report on Thursday, May 3rd. Stifel Nicolaus increased their target price on shares of FreightCar America from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, May 7th. Finally, Buckingham Research dropped their target price on shares of FreightCar America from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Six analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

In other news, Director Thomas A. Madden sold 7,506 shares of the firm’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $15.69, for a total value of $117,769.14. Following the sale, the director now directly owns 20,224 shares in the company, valued at approximately $317,314.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas A. Madden sold 9,347 shares of the firm’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $15.95, for a total transaction of $149,084.65. Following the completion of the sale, the director now owns 20,224 shares in the company, valued at $322,572.80. The disclosure for this sale can be found here. 6.51% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in shares of FreightCar America by 234.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,875 shares of the transportation company’s stock valued at $151,000 after buying an additional 6,221 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of FreightCar America in the 1st quarter valued at about $162,000. GSA Capital Partners LLP bought a new stake in shares of FreightCar America in the 1st quarter valued at about $178,000. Investors Research Corp bought a new stake in shares of FreightCar America in the 4th quarter valued at about $233,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of FreightCar America by 22.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 21,600 shares of the transportation company’s stock valued at $369,000 after buying an additional 3,900 shares in the last quarter. Institutional investors and hedge funds own 89.03% of the company’s stock.

FreightCar America stock traded down $0.10 during midday trading on Thursday, hitting $16.55. 51,383 shares of the company’s stock were exchanged, compared to its average volume of 87,289. FreightCar America has a 12 month low of $12.53 and a 12 month high of $20.46. The stock has a market cap of $203.34 million, a price-to-earnings ratio of -14.27 and a beta of 1.58.

About FreightCar America

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.

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Earnings History and Estimates for FreightCar America (NASDAQ:RAIL)

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