Q3 2024 Earnings Forecast for L.B. Foster Issued By Singular Research (NASDAQ:FSTR)

L.B. Foster (NASDAQ:FSTR) – Equities researchers at Singular Research issued their Q3 2024 EPS estimates for L.B. Foster in a research report issued on Monday, August 12th. Singular Research analyst C. Sakai forecasts that the basic materials company will earn $0.46 per share for the quarter. Singular Research has a “Strong-Buy” rating on the stock. The consensus estimate for L.B. Foster’s current full-year earnings is $1.40 per share. Singular Research also issued estimates for L.B. Foster’s Q4 2024 earnings at $0.43 EPS, FY2024 earnings at $1.23 EPS, Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.47 EPS and FY2025 earnings at $1.73 EPS.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.16). The company had revenue of $140.80 million for the quarter, compared to the consensus estimate of $137.36 million. L.B. Foster had a return on equity of 3.19% and a net margin of 1.46%. During the same period in the prior year, the business earned $0.32 earnings per share.

Several other research analysts also recently weighed in on FSTR. B. Riley dropped their target price on shares of L.B. Foster from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com cut shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

L.B. Foster Trading Up 3.7 %

Shares of FSTR opened at $18.58 on Wednesday. The business’s 50-day moving average price is $22.11 and its 200 day moving average price is $24.19. The company has a current ratio of 2.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $203.71 million, a P/E ratio of 25.45 and a beta of 0.86. L.B. Foster has a 1-year low of $14.23 and a 1-year high of $30.77.

Insiders Place Their Bets

In other L.B. Foster news, CFO William M. Thalman bought 2,500 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $16.79 per share, for a total transaction of $41,975.00. Following the acquisition, the chief financial officer now directly owns 58,806 shares of the company’s stock, valued at $987,352.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Raymond T. Betler acquired 5,000 shares of L.B. Foster stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $17.62 per share, with a total value of $88,100.00. Following the completion of the transaction, the director now owns 30,893 shares in the company, valued at $544,334.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO William M. Thalman bought 2,500 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $16.79 per share, for a total transaction of $41,975.00. Following the completion of the transaction, the chief financial officer now owns 58,806 shares in the company, valued at $987,352.74. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 8,620 shares of company stock worth $149,231. 6.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. Lazard Asset Management LLC boosted its holdings in shares of L.B. Foster (NASDAQ:FSTR) by 760.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,789 shares of the basic materials company’s stock after acquiring an additional 1,581 shares during the quarter. Lazard Asset Management LLC’s holdings in L.B. Foster were worth $48,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 80.63% of the company’s stock.

About L.B. Foster

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.