L.B. Foster (FSTR) to Release Earnings on Thursday

L.B. Foster (NASDAQ:FSTR) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect L.B. Foster to post earnings of $0.49 per share for the quarter. L.B. Foster has set its FY 2024 guidance at EPS.

L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). L.B. Foster had a return on equity of 2.69% and a net margin of 1.35%. The business had revenue of $140.80 million during the quarter, compared to the consensus estimate of $137.36 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. On average, analysts expect L.B. Foster to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

L.B. Foster Price Performance

Shares of L.B. Foster stock opened at $18.85 on Friday. The business has a 50 day moving average of $19.62 and a 200 day moving average of $22.27. L.B. Foster has a 52 week low of $14.23 and a 52 week high of $30.77. The company has a market cap of $206.41 million, a PE ratio of 28.13 and a beta of 0.81. The company has a quick ratio of 1.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.59.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. B. Riley reduced their target price on L.B. Foster from $27.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Singular Research upgraded shares of L.B. Foster to a “strong-buy” rating in a research note on Monday, August 12th. Finally, StockNews.com downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 14th.

Insiders Place Their Bets

In related news, CFO William M. Thalman bought 2,500 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, the chief financial officer now owns 58,806 shares of the company’s stock, valued at $987,352.74. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other L.B. Foster news, CFO William M. Thalman bought 2,500 shares of L.B. Foster stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $16.79 per share, with a total value of $41,975.00. Following the completion of the acquisition, the chief financial officer now owns 58,806 shares in the company, valued at approximately $987,352.74. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raymond T. Betler purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $17.62 per share, for a total transaction of $88,100.00. Following the completion of the transaction, the director now directly owns 30,893 shares of the company’s stock, valued at approximately $544,334.66. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 8,620 shares of company stock valued at $149,231. 6.20% of the stock is owned by insiders.

L.B. Foster Company Profile

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.