Noble Financial Issues Negative Estimate for RAIL Earnings

FreightCar America, Inc. (NASDAQ:RAIL) – Equities researchers at Noble Financial cut their Q1 2025 earnings estimates for FreightCar America in a report issued on Wednesday, February 19th. Noble Financial analyst M. Reichman now forecasts that the transportation company will earn $0.10 per share for the quarter, down from their previous estimate of $0.21. The consensus estimate for FreightCar America’s current full-year earnings is $0.09 per share. Noble Financial also issued estimates for FreightCar America’s FY2025 earnings at $0.46 EPS, FY2026 earnings at $0.56 EPS, FY2027 earnings at $0.62 EPS, FY2028 earnings at $0.82 EPS and FY2029 earnings at $0.88 EPS.

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

FreightCar America Stock Performance

Shares of NASDAQ:RAIL opened at $8.76 on Friday. The company has a fifty day moving average of $10.87 and a 200-day moving average of $10.22. The company has a market capitalization of $165.48 million, a PE ratio of -2.07 and a beta of 1.96. FreightCar America has a 52-week low of $2.86 and a 52-week high of $16.10.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in FreightCar America in the third quarter valued at $49,000. JPMorgan Chase & Co. increased its holdings in FreightCar America by 98.4% in the third quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 2,281 shares during the period. Globeflex Capital L P acquired a new stake in FreightCar America in the fourth quarter valued at $69,000. Barclays PLC acquired a new stake in FreightCar America in the third quarter valued at $73,000. Finally, Ritholtz Wealth Management acquired a new stake in FreightCar America in the fourth quarter valued at $104,000. 31.96% of the stock is currently owned by institutional investors and hedge funds.

About FreightCar America

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.