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 for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.11), FiscalAI reports. The company had revenue of $76.49 million during the quarter, compared to analyst estimates of $75.75 million. Freightcar America had a negative return on equity of 15.23% and a negative net margin of 2.69%.

Freightcar America Price Performance

Shares of NASDAQ:RAIL traded up $0.21 during trading hours on Monday, hitting $4.45. 239,654 shares of the company’s stock traded hands, compared to its average volume of 223,082. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.12 and a current ratio of 1.81. The company’s fifty day simple moving average is $6.07 and its two-hundred day simple moving average is $8.45. Freightcar America has a 52 week low of $3.85 and a 52 week high of $14.90. The company has a market cap of $145.92 million, a price-to-earnings ratio of -8.24 and a beta of 1.58.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Freightcar America in a report on Monday, November 2nd. Zacks Research downgraded Freightcar America from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 21st. Finally, Wall Street Zen lowered Freightcar America from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Two equities research analysts have rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average 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.