Analysts expect that FreightCar America, Inc. (NASDAQ:RAIL) will post sales of $105.65 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for FreightCar America’s earnings, with the lowest sales estimate coming in at $98.70 million and the highest estimate coming in at $112.60 million. FreightCar America posted sales of $135.52 million in the same quarter last year, which suggests a negative year-over-year growth rate of 22%. The business is scheduled to report its next earnings report after the market closes on Monday, February 26th.
On average, analysts expect that FreightCar America will report full year sales of $105.65 million for the current year, with estimates ranging from $428.90 million to $442.80 million. For the next financial year, analysts forecast that the firm will post sales of $333.40 million per share, with estimates ranging from $322.90 million to $343.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow FreightCar America.
RAIL has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating and set a $14.00 price objective (down from $15.00) on shares of FreightCar America in a report on Tuesday, November 7th. Zacks Investment Research lowered FreightCar America from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Seaport Global Securities initiated coverage on FreightCar America in a report on Thursday, January 4th. They set a “neutral” rating for the company. Finally, ValuEngine lowered FreightCar America from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.25.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in shares of FreightCar America by 234.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,875 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 6,221 shares in the last quarter. KBC Group NV bought a new stake in FreightCar America during the third quarter worth approximately $178,000. Alliancebernstein L.P. bought a new stake in FreightCar America during the second quarter worth approximately $212,000. Investors Research Corp bought a new stake in FreightCar America during the fourth quarter worth approximately $233,000. Finally, Virtu KCG Holdings LLC bought a new stake in FreightCar America during the second quarter worth approximately $258,000. 87.39% of the stock is owned by institutional investors and hedge funds.
FreightCar America Company Profile
FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.
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