FreightCar America (NASDAQ:RAIL) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

FreightCar America (NASDAQ:RAIL) issued its quarterly earnings results on Wednesday. The transportation company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.16, Zacks reports. FreightCar America had a negative return on equity of 27.10% and a negative net margin of 20.66%.

FreightCar America Stock Down 4.2 %

Shares of NASDAQ:RAIL traded down $0.27 during trading on Wednesday, reaching $6.23. 363,757 shares of the company traded hands, compared to its average volume of 223,135. The firm has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $10.54. FreightCar America has a 1-year low of $3.02 and a 1-year high of $16.10. The firm has a market cap of $118.74 million, a P/E ratio of -1.47 and a beta of 2.08.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded FreightCar America from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

FreightCar America Company Profile

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.