FreightCar America (RAIL) to Release Earnings on Tuesday

FreightCar America (NASDAQ:RAIL - Get Free Report) is set to announce its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. FreightCar America has set its FY 2024 guidance at EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

FreightCar America (NASDAQ:RAIL - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. The business had revenue of $147.42 million during the quarter, compared to the consensus estimate of $127.09 million. During the same period in the previous year, the company posted $0.02 EPS. On average, analysts expect FreightCar America to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

FreightCar America Trading Up 1.0 %

NASDAQ RAIL traded up $0.12 on Tuesday, reaching $12.46. 239,702 shares of the stock were exchanged, compared to its average volume of 148,496. FreightCar America has a one year low of $2.25 and a one year high of $15.06. The company's 50-day simple moving average is $10.94 and its two-hundred day simple moving average is $6.26. The firm has a market capitalization of $235.17 million, a PE ratio of -17.84 and a beta of 2.00.

Insider Transactions at FreightCar America

In related news, Director Nigris Felan Jose De bought 4,000 shares of the company's stock in a transaction on Friday, September 27th. The shares were bought at an average price of $10.19 per share, with a total value of $40,760.00. Following the transaction, the director now owns 73,147 shares in the company, valued at approximately $745,367.93. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Nigris Felan Jose De acquired 4,000 shares of the company's stock in a transaction dated Friday, September 27th. The shares were acquired at an average price of $10.19 per share, with a total value of $40,760.00. Following the purchase, the director now directly owns 73,147 shares of the company's stock, valued at $745,367.93. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William D. Gehl sold 10,000 shares of FreightCar America stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total value of $108,300.00. Following the completion of the transaction, the director now owns 147,608 shares of the company's stock, valued at approximately $1,598,594.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut FreightCar America from a "buy" rating to a "hold" rating in a research note on Friday, September 27th.

About FreightCar America

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.