Freightcar America (NASDAQ:RAIL) Posts Quarterly Earnings Results

Freightcar America (NASDAQ:RAIL) posted its earnings results on Monday. The transportation company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.11), FiscalAI reports. The firm had revenue of $76.49 million during the quarter, compared to analysts’ expectations of $75.75 million. Freightcar America had a negative return on equity of 15.23% and a negative net margin of 2.69%.

Freightcar America Stock Up 4.9%

Shares of RAIL traded up $0.22 during midday trading on Tuesday, reaching $4.67. The stock had a trading volume of 194,235 shares, compared to its average volume of 222,114. Freightcar America has a 1-year low of $3.85 and a 1-year high of $14.90. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.81 and a quick ratio of 1.12. The company has a market cap of $153.10 million, a price-to-earnings ratio of -8.63 and a beta of 1.58. The company’s fifty day simple moving average is $6.01 and its two-hundred day simple moving average is $8.41.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RAIL shares. Wall Street Zen downgraded shares of Freightcar America from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Freightcar America in a research note on Monday, November 2nd. Finally, Zacks Research cut Freightcar America from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 21st. Two analysts have rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Sell”.

Freightcar America Company Profile

FreightCar America, Inc designs and manufactures freight railcars for the North American rail transportation industry. Its product portfolio has included aluminum and steel railcars, such as open-top hopper cars, gondolas, flat cars and other specialized freight equipment used to transport coal, aggregates, metals, agricultural products and other bulk commodities.

The company serves major railroads, railcar leasing companies and industrial shippers. Its railcars are designed for applications that require durable, high-capacity equipment, with product offerings tailored to commodity transportation and intermodal or specialized freight needs.

FreightCar America traces its roots to the early 1900s and has historically operated manufacturing and engineering activities in the United States and Mexico.