What is B. Riley's Estimate for L.B. Foster FY2024 Earnings?

L.B. Foster (NASDAQ:FSTR - Free Report) - Stock analysts at B. Riley boosted their FY2024 EPS estimates for shares of L.B. Foster in a research report issued on Wednesday, November 13th. B. Riley analyst A. Rygiel now expects that the basic materials company will post earnings of $1.19 per share for the year, up from their previous estimate of $1.17. B. Riley currently has a "Neutral" rating and a $25.00 price objective on the stock. The consensus estimate for L.B. Foster's current full-year earnings is $1.20 per share. B. Riley also issued estimates for L.B. Foster's Q4 2024 earnings at $0.32 EPS.

A number of other brokerages have also recently issued reports on FSTR. Singular Research upgraded shares of L.B. Foster to a "strong-buy" rating in a report on Monday, August 12th. StockNews.com raised shares of L.B. Foster from a "buy" rating to a "strong-buy" rating in a research note on Friday, November 8th.

L.B. Foster Trading Up 11.4 %

NASDAQ:FSTR traded up $2.72 during mid-day trading on Friday, hitting $26.49. The company had a trading volume of 119,854 shares, compared to its average volume of 56,975. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.27. L.B. Foster has a fifty-two week low of $14.23 and a fifty-two week high of $30.77. The firm has a market cap of $286.89 million, a P/E ratio of 6.81 and a beta of 0.83. The business's fifty day moving average is $20.25 and its two-hundred day moving average is $22.06.

Institutional Investors Weigh In On L.B. Foster

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. De Lisle Partners LLP raised its holdings in L.B. Foster by 11.9% during the third quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company's stock worth $961,000 after acquiring an additional 5,000 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of L.B. Foster by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company's stock worth $109,000 after purchasing an additional 3,003 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of L.B. Foster by 760.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company's stock valued at $48,000 after buying an additional 1,581 shares during the last quarter. 80.63% of the stock is owned by institutional investors.

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.