Friedman Industries Inc (FRD) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Friedman Industries Inc (FRD) stock forecast summary
On Oct. 16, 2026, FRD is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5184 stocks scored that day.
Friedman Industries Inc is a small-cap company with a market capitalization of $292M. It ranks number 6 by market capitalization among the 6 Steel Works, Blast Furnaces & Rolling & Finishing Mills issuers in our coverage with a current forecast.
For FRD, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 1.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -2.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How FRD ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Friedman Industries Inc (FRD) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Steel Works, Blast Furnaces & Rolling & Finishing Mills peers listed below that report each metric.
Valuation & Market
| Metric | FRD | Rank |
|---|---|---|
| Market Cap | $292M | 6/6 |
| P/E Ratio | 15.94x | – |
| P/B Ratio | 1.78x | 3/5 |
| EPS | $2.54 | – |
| Book Value/Share | $22.76 | – |
Profitability & Margins
| Metric | FRD | Rank |
|---|---|---|
| ROE | 14.1% | 3/6 |
| ROA | 6.2% | 4/6 |
| ROIC | 12.8% | 2/5 |
| Gross Margin | 5.0% | 6/6 |
| Operating Margin | 5.0% | 4/5 |
| Net Margin | 3.3% | 4/6 |
| EBT Margin | 4.4% | 5/6 |
| Tax Rate | 24.5% | – |
Financial Health
| Metric | FRD | Rank |
|---|---|---|
| Current Ratio | 2.90x | 2/6 |
| Quick Ratio | 1.00x | 3/5 |
| D/E Ratio | 1.27x | 3/6 |
| Financial Leverage | 2.27x | 3/6 |
| Interest Coverage | 17.2x | – |
| Working Capital | $191M | 6/6 |
Cash Flow
| Metric | FRD | Rank |
|---|---|---|
| Operating Cash Flow | $18M | 5/6 |
Operational Efficiency
| Metric | FRD | Rank |
|---|---|---|
| Inventory Turnover | 3.5x | 4/5 |
| Days Inventory | 106 days | 2/5 |
Income Statement
| Metric | FRD | Rank |
|---|---|---|
| Operating Income | $35M | 5/5 |
| Net Income | $23M | 5/6 |
| SG&A Expense | $30M | 6/6 |
| Cost of Goods Sold | $660M | 5/6 |
Dividend & Shareholder Information
| Metric | FRD | Rank |
|---|---|---|
| Shares Outstanding | 7M | – |
| Net Income Growth | 279.5% | 1/5 |
| EPS Growth | 191.9% | 1/5 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $291M | 78.0% of assets |
| Cash & Short-term Investments | $5M | 1.3% of assets |
| Accounts Receivable | $91M | 24.3% of assets |
| Inventory | $191M | 51.2% of assets |
| Total Liabilities | $209M | 56.1% of assets |
FRD quarterly financials and insider trading
Friedman Industries Inc (FRD) industry peers
Companies classified under the same SEC industry code as Friedman Industries Inc (Steel Works, Blast Furnaces & Rolling & Finishing Mills): 6 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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Friedman Industries Inc (FRD) stock news
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Friedman Industries Inc (FRD) stock forecast FAQ
What is the Friedman Industries Inc (FRD) stock forecast?
On Oct. 16, 2026, FRD is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5184 stocks scored that day.
How accurate are Friedman Industries Inc stock predictions?
For FRD, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 1.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -2.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Friedman Industries Inc forecasts updated?
Friedman Industries Inc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Friedman Industries Inc's industry peers?
6 issuers in our coverage, FRD included, share the SEC industry code Steel Works, Blast Furnaces & Rolling & Finishing Mills. The largest are: Gerdau S.A. (GGB), Worthington Enterprises, Inc. (WOR), Worthington Steel, Inc. (WS), Gibraltar Industries, Inc. (ROCK), Insteel Industries Inc (IIIN).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.