Freightcar America (RAIL) Earning Favorable News Coverage, Report Finds

Press coverage about Freightcar America (NASDAQ:RAIL) has trended positive on Friday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Freightcar America earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave news articles about the transportation company an impact score of 45.0701605190925 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Freightcar America (NASDAQ:RAIL) last posted its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The business had revenue of $118.67 million during the quarter, compared to analysts’ expectations of $108.43 million. Freightcar America had a net margin of 0.06% and a return on equity of 1.61%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.04) earnings per share.

A number of analysts have recently issued reports on RAIL shares. Buckingham Research started coverage on Freightcar America in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $17.00 price objective for the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Freightcar America in a research report on Thursday, September 21st. Zacks Investment Research cut Freightcar America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Cowen and Company reissued a “hold” rating and set a $15.00 price target on shares of Freightcar America in a report on Tuesday, July 11th. Five investment analysts have rated the stock with a hold rating, Freightcar America presently has a consensus rating of “Hold” and a consensus price target of $16.50.

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About Freightcar America

FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.

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