FreightCar America (NASDAQ:RAIL) Announces Earnings Results

FreightCar America (NASDAQ:RAIL) released its earnings results on Wednesday. The transportation company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.05 by $0.16, Zacks reports. FreightCar America had a negative net margin of 20.66% and a negative return on equity of 27.10%.

FreightCar America Stock Performance

RAIL stock traded down $0.27 during midday trading on Wednesday, hitting $6.23. 360,609 shares of the stock were exchanged, compared to its average volume of 210,346. The stock’s 50-day moving average price is $10.47 and its 200-day moving average price is $10.54. The stock has a market cap of $118.74 million, a price-to-earnings ratio of -1.47 and a beta of 2.08. FreightCar America has a fifty-two week low of $3.02 and a fifty-two week high of $16.10.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded FreightCar America from a “hold” rating to a “buy” rating in a research note 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.