L.B. Foster (NASDAQ:FSTR - Get Free Report) is scheduled to release its earnings data 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.Persons interested in registering for the company's earnings conference call can do so using this link.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.26 earnings per share (EPS) 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 firm had revenue of $140.80 million for the quarter, compared to analysts' expectations of $137.36 million. During the same period last year, the company 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 Stock Performance
NASDAQ FSTR traded up $0.19 during mid-day trading on Friday, reaching $19.04. 23,541 shares of the stock were exchanged, compared to its average volume of 56,784. The business's 50 day moving average is $19.64 and its 200-day moving average is $22.25. L.B. Foster has a 1 year low of $14.23 and a 1 year high of $30.77. The company has a market capitalization of $208.49 million, a P/E ratio of 28.42 and a beta of 0.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.38 and a current ratio of 2.38.
Insiders Place Their Bets
In other L.B. Foster news, Director Raymond T. Betler bought 5,000 shares of L.B. Foster stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost 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 represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other L.B. Foster news, Director Raymond T. Betler bought 5,000 shares of L.B. Foster stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost 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 represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO William M. Thalman bought 2,500 shares of L.B. Foster stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $16.79 per share, with a total value of $41,975.00. Following the completion of the transaction, the chief financial officer now directly owns 58,806 shares of the company's stock, valued at approximately $987,352.74. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 8,620 shares of company stock worth $149,231. Company insiders own 6.20% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on FSTR. B. Riley reduced their price objective on shares of L.B. Foster from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, August 14th. Singular Research upgraded shares of L.B. Foster to a "strong-buy" rating in a research report on Monday, August 12th. Finally, StockNews.com cut shares of L.B. Foster from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 14th.
Check Out Our Latest Analysis on L.B. Foster
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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