Noble Financial Has Optimistic Outlook of RAIL Q1 Earnings

Freightcar America, Inc. (NASDAQ:RAIL) – Analysts at Noble Financial increased their Q1 2027 EPS estimates for shares of Freightcar America in a research note issued on Wednesday, August 5th. Noble Financial analyst M. Reichman now expects that the transportation company will earn $0.18 per share for the quarter, up from their prior estimate of $0.15. The consensus estimate for Freightcar America’s current full-year earnings is $0.40 per share.

Several other equities research analysts have also weighed in on the company. Zacks Research lowered Freightcar America from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded Freightcar America from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Freightcar America has a consensus rating of “Sell”.

Freightcar America Stock Down 0.4%

Shares of RAIL opened at $7.91 on Monday. The stock has a market cap of $259.37 million, a price-to-earnings ratio of -14.65 and a beta of 1.48. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 2.70. Freightcar America has a 12 month low of $7.27 and a 12 month high of $14.90. The company has a 50-day moving average price of $8.39 and a two-hundred day moving average price of $9.43.

Freightcar America (NASDAQ:RAIL) last issued its earnings results on Monday, August 3rd. The transportation company reported ($0.02) earnings per share for the quarter. The business had revenue of $113.14 million for the quarter, compared to analyst estimates of $110.41 million. Freightcar America had a negative net margin of 2.69% and a negative return on equity of 15.23%.

Hedge Funds Weigh In On Freightcar America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RAIL. BNP Paribas Financial Markets grew its stake in Freightcar America by 208.6% during the third quarter. BNP Paribas Financial Markets now owns 2,935 shares of the transportation company’s stock worth $29,000 after buying an additional 1,984 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Freightcar America by 2,843.5% in the fourth quarter. Royal Bank of Canada now owns 4,062 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 3,924 shares during the last quarter. Quarry LP acquired a new position in shares of Freightcar America in the 3rd quarter worth approximately $53,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Freightcar America in the 1st quarter worth approximately $61,000. Finally, State of Wyoming bought a new stake in Freightcar America during the 2nd quarter worth approximately $63,000. 31.96% of the stock is currently owned by institutional investors and hedge funds.

About Freightcar America

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.