$99.50 Million in Sales Expected for FreightCar America, Inc. (RAIL) This Quarter

Wall Street brokerages expect FreightCar America, Inc. (NASDAQ:RAIL) to report $99.50 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for FreightCar America’s earnings, with the lowest sales estimate coming in at $95.90 million and the highest estimate coming in at $103.10 million. FreightCar America posted sales of $79.24 million during the same quarter last year, which suggests a positive year over year growth rate of 25.6%. The business is expected to report its next quarterly earnings report on Monday, February 25th.

On average, analysts expect that FreightCar America will report full-year sales of $328.15 million for the current year, with estimates ranging from $324.50 million to $331.80 million. For the next fiscal year, analysts expect that the firm will report sales of $326.60 million, with estimates ranging from $288.60 million to $364.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover FreightCar America.

FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings results on Wednesday, October 31st. The transportation company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.24). FreightCar America had a negative net margin of 8.46% and a negative return on equity of 9.80%. The company had revenue of $78.97 million for the quarter, compared to analyst estimates of $66.00 million.

A number of research analysts have issued reports on RAIL shares. Zacks Investment Research lowered shares of FreightCar America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 17th. ValuEngine lowered shares of FreightCar America from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Buckingham Research upped their price target on shares of FreightCar America from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, August 13th. Finally, CL King lowered shares of FreightCar America from a “buy” rating to a “neutral” rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.00.

In other FreightCar America news, insider James R. Meyer acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were purchased at an average price of $9.86 per share, for a total transaction of $49,300.00. Following the completion of the purchase, the insider now directly owns 35,006 shares of the company’s stock, valued at $345,159.16. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought 8,500 shares of company stock worth $82,930 in the last quarter. Company insiders own 6.51% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in FreightCar America during the second quarter worth $115,000. Fuller & Thaler Asset Management Inc. purchased a new stake in FreightCar America during the second quarter worth $224,000. PEAK6 Investments LLC purchased a new stake in FreightCar America during the third quarter worth $283,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in FreightCar America during the second quarter worth $314,000. Finally, Chicago Equity Partners LLC purchased a new stake in FreightCar America during the third quarter worth $476,000. Hedge funds and other institutional investors own 89.28% of the company’s stock.

FreightCar America stock traded up $0.24 during mid-day trading on Thursday, reaching $9.54. 56,231 shares of the company traded hands, compared to its average volume of 113,493. FreightCar America has a fifty-two week low of $8.91 and a fifty-two week high of $20.14.

About FreightCar America

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.

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