FreightCar America (NASDAQ:RAIL) Announces Quarterly Earnings Results, Meets Expectations

FreightCar America (NASDAQ:RAIL) announced its quarterly earnings data on Monday. The transportation company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05, Yahoo Finance reports. FreightCar America had a negative return on equity of 20.71% and a negative net margin of 6.88%. The firm had revenue of $147.42 million during the quarter, compared to the consensus estimate of $127.09 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. FreightCar America updated its FY 2024 guidance to EPS.

FreightCar America Trading Up 22.7 %

RAIL traded up $0.81 during trading on Tuesday, hitting $4.38. 285,346 shares of the company’s stock traded hands, compared to its average volume of 36,793. FreightCar America has a 12-month low of $2.25 and a 12-month high of $4.44. The company’s 50 day simple moving average is $3.40 and its two-hundred day simple moving average is $3.42. The stock has a market capitalization of $81.95 million, a price-to-earnings ratio of -2.67 and a beta of 1.97.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RAIL shares. StockNews.com began coverage on FreightCar America in a report on Sunday. They set a “hold” rating on the stock. Noble Financial upgraded FreightCar America to a “strong-buy” rating in a report on Friday, June 28th.

About FreightCar America

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.