L.B. Foster Q4 EPS Estimate Increased by Singular Research

L.B. Foster (NASDAQ:FSTR - Free Report) - Stock analysts at Singular Research boosted their Q4 2024 earnings estimates for shares of L.B. Foster in a report released on Thursday, November 14th. Singular Research analyst C. Sakai now forecasts that the basic materials company will post earnings of $0.45 per share for the quarter, up from their previous forecast of $0.43. Singular Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for L.B. Foster's current full-year earnings is $1.21 per share. Singular Research also issued estimates for L.B. Foster's Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.56 EPS.

Other research analysts have also issued reports about the stock. B. Riley boosted their price objective on shares of L.B. Foster from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. StockNews.com raised shares of L.B. Foster from a "buy" rating to a "strong-buy" rating in a report on Friday, November 8th.

L.B. Foster Stock Performance

Shares of L.B. Foster stock traded down $0.77 during trading on Monday, hitting $25.72. 40,153 shares of the stock were exchanged, compared to its average volume of 56,899. The stock has a market capitalization of $278.55 million, a price-to-earnings ratio of 6.81 and a beta of 0.83. The company has a fifty day moving average price of $20.25 and a 200-day moving average price of $22.04. L.B. Foster has a 1-year low of $14.23 and a 1-year high of $30.77. The company has a current ratio of 2.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FSTR. Lazard Asset Management LLC boosted its stake in L.B. Foster by 760.1% during the first quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company's stock worth $48,000 after acquiring an additional 1,581 shares in the last quarter. MetLife Investment Management LLC boosted its position in L.B. Foster by 129.1% during the third 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 during the period. Finally, De Lisle Partners LLP boosted its position 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 purchasing an additional 5,000 shares during the period. 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.