Freightcar America, Inc. (NASDAQ:RAIL) released its quarterly earnings data on Wednesday. The transportation company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.63), Briefing.com reports. The firm had revenue of $72.00 million for the quarter, compared to analysts’ expectations of $87.20 million. Freightcar America had a return on equity of 1.61% and a net margin of 0.06%. The business’s quarterly revenue was down 36.6% on a year-over-year basis.
RAIL has been the topic of several research reports. Zacks Investment Research downgraded Freightcar America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. Cowen and Company restated a “hold” rating and set a $15.00 price objective on shares of Freightcar America in a report on Tuesday, July 11th. Finally, Stifel Nicolaus restated a “hold” rating and set a $15.00 price objective on shares of Freightcar America in a report on Thursday, September 21st. Five research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $16.50.
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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