Headlines about Freightcar America (NASDAQ:RAIL) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Freightcar America earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 45.375377050224 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities analysts have recently commented on RAIL shares. ValuEngine upgraded shares of Freightcar America from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Buckingham Research started coverage on shares of Freightcar America in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $17.00 target price for the company. Zacks Investment Research cut shares of Freightcar America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Cowen and Company restated a “hold” rating and issued a $15.00 target price on shares of Freightcar America in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.00.
Freightcar America (RAIL) opened at 17.47 on Wednesday. Freightcar America has a 12 month low of $10.87 and a 12 month high of $19.66. The firm has a market capitalization of $217.12 million, a PE ratio of 671.92 and a beta of 1.61. The stock has a 50 day moving average of $17.35 and a 200 day moving average of $15.70.
Freightcar America (NASDAQ:RAIL) last released its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). Freightcar America had a net margin of 0.06% and a return on equity of 1.61%. The company had revenue of $118.67 million during the quarter, compared to analyst estimates of $108.43 million. During the same period last year, the business earned ($0.04) earnings per share. Freightcar America’s revenue was down 5.9% compared to the same quarter last year. On average, equities analysts predict that Freightcar America will post ($0.21) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Thursday, August 17th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.06%. Freightcar America’s dividend payout ratio (DPR) is currently 1,800.00%.
Freightcar America Company Profile
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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