L.B. Foster (NASDAQ:FSTR - Get Free Report) announced its quarterly earnings results on Tuesday. The basic materials company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.31), Zacks reports. L.B. Foster had a net margin of 7.96% and a return on equity of 6.01%. The business had revenue of $128.18 million during the quarter, compared to the consensus estimate of $130.80 million. L.B. Foster updated its FY 2025 guidance to EPS.
L.B. Foster Trading Down 4.0 %
Shares of NASDAQ:FSTR traded down $0.86 during trading hours on Friday, hitting $20.75. 55,563 shares of the company's stock traded hands, compared to its average volume of 54,633. The firm has a market capitalization of $224.72 million, a P/E ratio of 5.33 and a beta of 0.97. The business has a fifty day moving average price of $26.99 and a 200-day moving average price of $24.01. L.B. Foster has a 1 year low of $14.23 and a 1 year high of $30.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30.
Analyst Ratings Changes
Several research firms have recently issued reports on FSTR. B. Riley raised their price objective on L.B. Foster from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. StockNews.com downgraded L.B. Foster from a "strong-buy" rating to a "buy" rating in a research report on Thursday.
Read Our Latest Research Report on L.B. Foster
L.B. Foster announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 4th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the basic materials company to reacquire up to 16.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.
L.B. Foster Company Profile
(
Get Free Report)
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.
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