Q3 2024 Earnings Forecast for FreightCar America, Inc. Issued By Sidoti Csr (NASDAQ:RAIL)

FreightCar America, Inc. (NASDAQ:RAIL) – Equities research analysts at Sidoti Csr issued their Q3 2024 earnings per share (EPS) estimates for shares of FreightCar America in a research note issued to investors on Tuesday, September 17th. Sidoti Csr analyst B. Mccarthy anticipates that the transportation company will post earnings of $0.03 per share 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.

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

A number of other research firms also recently weighed in on RAIL. StockNews.com started coverage on FreightCar America in a research report on Tuesday, August 27th. They issued a “hold” rating for the company. Noble Financial upgraded FreightCar America to a “strong-buy” rating in a report on Friday, June 28th.

FreightCar America Trading Up 3.0 %

Shares of NASDAQ:RAIL opened at $11.23 on Friday. FreightCar America has a twelve month low of $2.25 and a twelve month high of $11.55. The firm has a market cap of $210.12 million, a P/E ratio of -7.29 and a beta of 2.00. The company has a 50 day moving average of $5.81 and a 200-day moving average of $4.37.

Insider Activity

In other FreightCar America 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 in the company, valued at $1,598,594.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 28.00% of the company’s stock.

Institutional Investors Weigh In On FreightCar America

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 26,412 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of FreightCar America by 43.4% in the second 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings 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 purchasing an additional 5,880 shares in the last quarter. 31.96% of the stock is owned by hedge funds and other institutional investors.

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.