FreightCar America (RAIL) Set to Announce Quarterly Earnings on Tuesday

FreightCar America (NASDAQ:RAIL) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. FreightCar America has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings data on Monday, August 12th. The transportation company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. FreightCar America had a negative net margin of 0.62% and a negative return on equity of 28.11%. The firm had revenue of $147.42 million for the quarter, compared to analyst estimates of $127.09 million. During the same quarter in the previous year, the business posted $0.02 EPS. On average, analysts expect FreightCar America to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

FreightCar America Trading Up 1.5 %

RAIL stock traded up $0.19 during trading on Tuesday, reaching $12.53. The stock had a trading volume of 88,009 shares, compared to its average volume of 147,746. The company has a market capitalization of $236.49 million, a P/E ratio of -17.46 and a beta of 2.00. The firm has a fifty day moving average price of $10.94 and a 200 day moving average price of $6.26. FreightCar America has a 1-year low of $2.25 and a 1-year high of $15.06.

Insider Activity

In other news, Director William D. Gehl sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total value of $108,300.00. Following the sale, the director now owns 147,608 shares in the company, valued at approximately $1,598,594.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other FreightCar America news, Director Nigris Felan Jose De acquired 4,000 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was acquired at an average price of $10.19 per share, with a total value of $40,760.00. Following the transaction, the director now directly owns 73,147 shares in the company, valued at approximately $745,367.93. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Gehl sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total transaction of $108,300.00. Following the sale, the director now directly owns 147,608 shares of the company’s stock, valued at approximately $1,598,594.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 28.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of FreightCar America from a “buy” rating to a “hold” rating in a research note on Friday, September 27th.

FreightCar America Company Profile

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.