Noble Financial Issues Negative Estimate for RAIL Earnings

FreightCar America, Inc. (NASDAQ:RAIL) – Analysts at Noble Financial cut their Q1 2025 earnings per share estimates for FreightCar America in a note issued to investors on Wednesday, February 19th. Noble Financial analyst M. Reichman now anticipates that the transportation company will post earnings of $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 FreightCar America from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.

FreightCar America Trading Down 6.6 %

Shares of RAIL stock opened at $8.76 on Friday. The stock has a market cap of $165.48 million, a P/E ratio of -2.07 and a beta of 1.96. The stock has a 50 day simple moving average of $10.87 and a 200 day simple moving average of $10.22. FreightCar America has a 1 year low of $2.86 and a 1 year high of $16.10.

Institutional Investors Weigh In On FreightCar America

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in FreightCar America during the third quarter valued at approximately $1,067,000. Quantbot Technologies LP acquired a new position in FreightCar America during the third quarter valued at approximately $49,000. Walleye Capital LLC acquired a new position in FreightCar America during the third quarter valued at approximately $813,000. Centiva Capital LP acquired a new position in FreightCar America during the third quarter valued at approximately $453,000. Finally, State Street Corp raised its position in FreightCar America by 21.6% during the third quarter. State Street Corp now owns 53,958 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 9,600 shares in the last quarter. 31.96% of the stock is currently owned by 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.