Sidoti Csr Weighs in on FreightCar America, Inc.’s Q3 2024 Earnings (NASDAQ:RAIL)

FreightCar America, Inc. (NASDAQ:RAIL) – Analysts at Sidoti Csr issued their Q3 2024 earnings per share estimates for FreightCar America in a research note issued on Tuesday, September 17th. Sidoti Csr analyst B. Mccarthy expects that the transportation company will post earnings per share of $0.03 for the quarter. The consensus estimate for FreightCar America’s current full-year earnings is $0.20 per share. Sidoti Csr also issued estimates for FreightCar America’s Q4 2024 earnings at $0.05 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.17 EPS and FY2025 earnings at $0.65 EPS.

Several other research analysts have also commented on the stock. StockNews.com started coverage on shares of FreightCar America in a research note on Tuesday, August 27th. They set a “hold” rating on the stock. Noble Financial raised shares of FreightCar America to a “strong-buy” rating in a research report on Friday, June 28th.

FreightCar America Stock Performance

Shares of RAIL opened at $11.23 on Friday. The firm has a market cap of $210.12 million, a PE ratio of -7.29 and a beta of 2.00. The firm’s 50 day moving average price is $5.81 and its 200 day moving average price is $4.37. FreightCar America has a twelve month low of $2.25 and a twelve month high of $11.55.

FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings results on Monday, August 12th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $147.42 million during the quarter, compared to analyst estimates of $127.09 million. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. During the same period in the previous year, the company earned $0.02 EPS.

Insider Activity

In other news, Director William D. Gehl sold 10,000 shares of FreightCar America stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total value of $108,300.00. Following the transaction, the director now owns 147,608 shares of the company’s stock, valued at $1,598,594.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 28.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FreightCar America

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of FreightCar America by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 5,880 shares during the period. Renaissance Technologies LLC boosted its holdings in FreightCar America by 43.4% in the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock valued at $408,000 after purchasing an additional 35,387 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in FreightCar America by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock valued at $2,250,000 after purchasing an additional 26,412 shares during the period. 31.96% of the stock is owned by institutional investors and hedge funds.

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.