Freightcar America (NASDAQ:RAIL) Announces Earnings Results

by · The Cerbat Gem

Freightcar America (NASDAQ:RAIL – Get Free Report) issued its quarterly earnings data on Monday. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.07, Zacks reports. Freightcar America had a negative net margin of 2.21% and a negative return on equity of 14.89%. Freightcar America updated its FY 2025 guidance to EPS.

Freightcar America Stock Performance

Shares of Freightcar America stock traded up $1.33 during trading hours on Monday, reaching $9.81. The company’s stock had a trading volume of 97,883 shares, compared to its average volume of 205,971. Freightcar America has a one year low of $4.31 and a one year high of $16.10. The company’s 50 day simple moving average is $9.14 and its 200 day simple moving average is $8.83. The stock has a market cap of $187.54 million, a P/E ratio of -14.03 and a beta of 2.08.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RAIL. Zacks Research upgraded shares of Freightcar America from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Wall Street Zen cut shares of Freightcar America from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings downgraded Freightcar America from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Freightcar America currently has an average rating of “Moderate Buy” and an average price target of $9.00.

Read Our Latest Stock Report on Freightcar America

Hedge Funds Weigh In On Freightcar America

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Freightcar America by 2.2% in the third quarter. Vanguard Group Inc. now owns 631,029 shares of the transportation company’s stock valued at $6,171,000 after acquiring an additional 13,301 shares during the period. State of Wyoming bought a new stake in shares of Freightcar America in the 2nd quarter worth approximately $63,000. Man Group plc lifted its holdings in shares of Freightcar America by 38.5% in the 2nd quarter. Man Group plc now owns 88,158 shares of the transportation company’s stock worth $760,000 after purchasing an additional 24,515 shares during the last quarter. Raymond James Financial Inc. boosted its position in Freightcar America by 24.7% during the 2nd quarter. Raymond James Financial Inc. now owns 20,545 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 4,067 shares during the period. Finally, Marshall Wace LLP grew its stake in Freightcar America by 12.2% during the 2nd quarter. Marshall Wace LLP now owns 238,331 shares of the transportation company’s stock worth $2,054,000 after buying an additional 25,895 shares during the last quarter. Institutional investors own 31.96% of the company’s stock.

About Freightcar America

(Get Free Report)

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.

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