L.B. Foster (NASDAQ:FSTR) Posts Earnings Results

L.B. Foster (NASDAQ:FSTR) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16), Yahoo Finance reports. L.B. Foster had a return on equity of 3.19% and a net margin of 1.46%. The business had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $137.36 million. During the same period in the previous year, the business earned $0.32 earnings per share. L.B. Foster updated its FY 2024 guidance to EPS.

L.B. Foster Trading Up 12.0 %

L.B. Foster stock traded up $1.93 during trading hours on Thursday, hitting $18.01. The company had a trading volume of 82,895 shares, compared to its average volume of 61,060. The firm has a market cap of $197.46 million, a P/E ratio of 24.67 and a beta of 0.86. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.15 and a current ratio of 2.17. L.B. Foster has a 1 year low of $14.23 and a 1 year high of $30.77. The company has a 50-day moving average price of $22.78 and a two-hundred day moving average price of $24.32.

Analyst Ratings Changes

FSTR has been the subject of a number of recent analyst reports. StockNews.com raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. B. Riley lifted their price target on shares of L.B. Foster from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th.

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.