FreightCar America (RAIL) Scheduled to Post Earnings on Tuesday

FreightCar America (NASDAQ:RAIL) is set to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. FreightCar America has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings data on Monday, August 12th. The transportation company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. The business had revenue of $147.42 million during the quarter, compared to the consensus estimate of $127.09 million. During the same period in the previous year, the company posted $0.02 earnings per share. On average, analysts expect FreightCar America to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

FreightCar America Price Performance

FreightCar America stock opened at $15.23 on Friday. The stock’s fifty day moving average is $11.47 and its two-hundred day moving average is $6.53. The stock has a market cap of $287.45 million, a PE ratio of -21.76 and a beta of 2.00. FreightCar America has a 1-year low of $2.25 and a 1-year high of $15.56.

Insider Activity at FreightCar America

In other news, Director Nigris Felan Jose De acquired 4,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were bought at an average price of $10.19 per share, with a total value of $40,760.00. Following the completion of the acquisition, the director now owns 73,147 shares in the company, valued at $745,367.93. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other FreightCar America news, Director William D. Gehl sold 10,000 shares of the firm’s 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 transaction, the director now directly owns 147,608 shares in the company, valued at approximately $1,598,594.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Nigris Felan Jose De acquired 4,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were acquired at an average cost of $10.19 per share, with a total value of $40,760.00. Following the completion of the purchase, the director now owns 73,147 shares in the company, valued at approximately $745,367.93. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 28.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded FreightCar America from a “buy” rating to a “hold” rating in a report on Friday, September 27th.

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.