Sidoti Csr Forecasts L.B. Foster FY2024 Earnings

L.B. Foster (NASDAQ:FSTR - Free Report) - Investment analysts at Sidoti Csr issued their FY2024 earnings estimates for shares of L.B. Foster in a research report issued to clients and investors on Monday, November 18th. Sidoti Csr analyst J. Romero expects that the basic materials company will post earnings of $1.00 per share for the year. The consensus estimate for L.B. Foster's current full-year earnings is $1.21 per share. Sidoti Csr also issued estimates for L.B. Foster's Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $1.84 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.70 EPS and FY2026 earnings at $2.49 EPS.

Several other brokerages also recently weighed in on FSTR. Singular Research upgraded L.B. Foster to a "strong-buy" rating in a report on Monday, August 12th. B. Riley raised their target price on shares of L.B. Foster from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Finally, StockNews.com upgraded 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 Down 3.4 %

Shares of FSTR stock traded down $0.88 on Wednesday, hitting $24.83. The stock had a trading volume of 5,363 shares, compared to its average volume of 56,708. The firm has a market capitalization of $268.91 million, a P/E ratio of 6.61 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30. L.B. Foster has a 1 year low of $14.23 and a 1 year high of $30.77. The company's 50 day moving average price is $20.52 and its 200-day moving average price is $22.07.

Hedge Funds Weigh In On L.B. Foster

Several hedge funds have recently added to or reduced their stakes in FSTR. Lazard Asset Management LLC grew its position 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. MetLife Investment Management LLC boosted its stake in L.B. Foster by 129.1% in the third quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company's stock valued at $109,000 after acquiring an additional 3,003 shares in the last quarter. Finally, De Lisle Partners LLP grew its holdings in shares of 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 last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.