FreightCar America, Inc. Expected to Earn Q3 2024 Earnings of $0.03 Per Share (NASDAQ:RAIL)

FreightCar America, Inc. (NASDAQ:RAIL) – Equities researchers at Sidoti Csr issued their Q3 2024 earnings per share (EPS) estimates for FreightCar America in a research report issued on Tuesday, September 17th. Sidoti Csr analyst B. Mccarthy anticipates that the transportation company will post earnings per share of $0.03 for the quarter. The consensus estimate for FreightCar America’s current full-year earnings is $0.20 per share. Sidoti Csr also issued estimates for FreightCar America’s Q4 2024 earnings at $0.05 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.17 EPS and FY2025 earnings at $0.65 EPS.

A number of other research firms have also issued reports on RAIL. StockNews.com began coverage on FreightCar America in a research note on Tuesday, August 27th. They issued a “hold” rating on the stock. Noble Financial raised FreightCar America to a “strong-buy” rating in a report on Friday, June 28th.

FreightCar America Price Performance

RAIL stock opened at $10.90 on Friday. The company’s 50 day simple moving average is $5.65 and its 200-day simple moving average is $4.30. FreightCar America has a 12 month low of $2.25 and a 12 month high of $11.06. The firm has a market capitalization of $203.95 million, a PE ratio of -7.08 and a beta of 2.00.

FreightCar America (NASDAQ:RAIL) last posted its earnings results on Monday, August 12th. The transportation company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $147.42 million during the quarter, compared to the consensus estimate of $127.09 million. FreightCar America had a negative net margin of 0.62% and a negative return on equity of 28.11%. During the same period last year, the firm posted $0.02 EPS.

Institutional Investors Weigh In On FreightCar America

Several hedge funds have recently made changes to their positions in RAIL. Renaissance Technologies LLC increased its stake in FreightCar America by 43.4% in the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 35,387 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of FreightCar America by 24.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 5,880 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of FreightCar America by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock worth $2,250,000 after acquiring an additional 26,412 shares during the period. Institutional investors and hedge funds own 31.96% of the company’s stock.

Insider Buying and Selling at FreightCar America

In other news, Director William D. Gehl sold 10,000 shares of FreightCar America 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 completion of the sale, the director now directly owns 147,608 shares in the company, valued at $1,598,594.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 28.00% of the stock is owned by insiders.

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.