Noble Financial Brokers Decrease Earnings Estimates for RAIL

FreightCar America, Inc. (NASDAQ:RAIL) – Noble Financial decreased their Q2 2025 earnings estimates for shares of FreightCar America in a report issued on Friday, June 13th. Noble Financial analyst M. Reichman now forecasts that the transportation company will earn $0.02 per share for the quarter, down from their prior estimate of $0.03. The consensus estimate for FreightCar America’s current full-year earnings is $0.09 per share.

A number of other equities research analysts also recently commented on the stock. Wall Street Zen downgraded shares of FreightCar America from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Northcoast Research started coverage on shares of FreightCar America in a report on Thursday, May 1st. They issued a “buy” rating and a $9.00 target price for the company.

FreightCar America Trading Up 0.8%

Shares of NASDAQ:RAIL opened at $8.78 on Monday. FreightCar America has a 52 week low of $3.02 and a 52 week high of $16.10. The company’s 50 day moving average is $6.85 and its two-hundred day moving average is $8.37. The company has a market cap of $167.17 million, a PE ratio of -2.07 and a beta of 1.90.

Hedge Funds Weigh In On FreightCar America

A number of large investors have recently bought and sold shares of the company. Jane Street Group LLC raised its position in FreightCar America by 13.1% during the 1st quarter. Jane Street Group LLC now owns 108,724 shares of the transportation company’s stock worth $601,000 after buying an additional 12,610 shares during the last quarter. Goldman Sachs Group Inc. raised its position in FreightCar America by 58.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 106,656 shares of the transportation company’s stock worth $590,000 after buying an additional 39,506 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in FreightCar America during the 1st quarter worth $61,000. Cubist Systematic Strategies LLC purchased a new position in FreightCar America during the 1st quarter worth $147,000. Finally, OMERS ADMINISTRATION Corp raised its position in FreightCar America by 204.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 72,100 shares of the transportation company’s stock worth $399,000 after buying an additional 48,400 shares during the last quarter. Hedge funds and other institutional investors own 31.96% of the company’s stock.

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.