Freightcar America (NASDAQ:RAIL) Posts Earnings Results, Misses Expectations By $0.11 EPS

Freightcar America (NASDAQ:RAIL) issued its quarterly earnings results on Monday. The transportation company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.11), FiscalAI reports. The company had revenue of $76.49 million during the quarter, compared to the consensus estimate of $75.75 million. Freightcar America had a negative net margin of 2.69% and a negative return on equity of 15.23%.

Freightcar America Price Performance

NASDAQ:RAIL traded up $0.21 during mid-day trading on Monday, reaching $4.45. The stock had a trading volume of 239,654 shares, compared to its average volume of 223,082. Freightcar America has a 12 month low of $3.85 and a 12 month high of $14.90. The stock has a market capitalization of $145.92 million, a PE ratio of -8.24 and a beta of 1.58. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.81 and a quick ratio of 1.12. The stock has a 50-day simple moving average of $6.07 and a two-hundred day simple moving average of $8.45.

Wall Street Analysts Forecast Growth

RAIL has been the topic of a number of analyst reports. Wall Street Zen downgraded Freightcar America from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Zacks Research cut Freightcar America from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 21st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Freightcar America in a research report on Monday, November 2nd. Two investment analysts have rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Freightcar America

FreightCar America, Inc designs and manufactures freight railcars for the North American rail transportation industry. Its product portfolio has included aluminum and steel railcars, such as open-top hopper cars, gondolas, flat cars and other specialized freight equipment used to transport coal, aggregates, metals, agricultural products and other bulk commodities.

The company serves major railroads, railcar leasing companies and industrial shippers. Its railcars are designed for applications that require durable, high-capacity equipment, with product offerings tailored to commodity transportation and intermodal or specialized freight needs.

FreightCar America traces its roots to the early 1900s and has historically operated manufacturing and engineering activities in the United States and Mexico.