Analysts Expect FreightCar America, Inc. (RAIL) Will Post Quarterly Sales of $65.85 Million

Wall Street analysts expect that FreightCar America, Inc. (NASDAQ:RAIL) will post sales of $65.85 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for FreightCar America’s earnings, with estimates ranging from $63.30 million to $68.40 million. FreightCar America reported sales of $139.54 million in the same quarter last year, which indicates a negative year over year growth rate of 52.8%. The business is expected to report its next earnings results on Wednesday, May 2nd.

On average, analysts expect that FreightCar America will report full-year sales of $65.85 million for the current year, with estimates ranging from $293.70 million to $309.60 million. For the next financial year, analysts anticipate that the business will report sales of $349.95 million per share, with estimates ranging from $322.20 million to $377.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover FreightCar America.

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FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings results on Monday, February 26th. The transportation company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.23). The business had revenue of $79.24 million for the quarter, compared to analysts’ expectations of $105.65 million. FreightCar America had a negative return on equity of 5.86% and a negative net margin of 5.51%.

Several analysts have recently weighed in on RAIL shares. Seaport Global Securities started coverage on FreightCar America in a report on Thursday, January 4th. They issued a “neutral” rating for the company. ValuEngine downgraded FreightCar America from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Zacks Investment Research raised FreightCar America from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Buckingham Research reduced their target price on FreightCar America from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Finally, Cowen reissued a “hold” rating and issued a $14.00 target price on shares of FreightCar America in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. FreightCar America presently has an average rating of “Hold” and a consensus price target of $15.75.

FreightCar America stock opened at $13.69 on Friday. FreightCar America has a fifty-two week low of $12.18 and a fifty-two week high of $20.46.

A number of hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its position in FreightCar America by 22.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 21,600 shares of the transportation company’s stock valued at $369,000 after acquiring an additional 3,900 shares during the period. Pinnacle Holdings LLC increased its position in FreightCar America by 11.0% in the 4th quarter. Pinnacle Holdings LLC now owns 41,062 shares of the transportation company’s stock valued at $701,000 after acquiring an additional 4,065 shares during the period. Two Sigma Advisers LP increased its position in FreightCar America by 5.3% in the 4th quarter. Two Sigma Advisers LP now owns 81,615 shares of the transportation company’s stock valued at $1,394,000 after acquiring an additional 4,100 shares during the period. California Public Employees Retirement System increased its position in FreightCar America by 4.0% in the 4th quarter. California Public Employees Retirement System now owns 111,542 shares of the transportation company’s stock valued at $1,905,000 after acquiring an additional 4,324 shares during the period. Finally, Strs Ohio increased its position in FreightCar America by 14.9% in the 4th quarter. Strs Ohio now owns 39,400 shares of the transportation company’s stock valued at $672,000 after acquiring an additional 5,100 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.

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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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Earnings History and Estimates for FreightCar America (NASDAQ:RAIL)

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