L.B. Foster (NASDAQ:FSTR - Free Report) - Analysts at Sidoti Csr dropped their Q1 2025 earnings estimates for L.B. Foster in a report issued on Wednesday, March 5th. Sidoti Csr analyst J. Romero now expects that the basic materials company will post earnings of $0.13 per share for the quarter, down from their previous forecast of $0.23. The consensus estimate for L.B. Foster's current full-year earnings is $1.16 per share. Sidoti Csr also issued estimates for L.B. Foster's Q2 2025 earnings at $0.42 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $1.74 EPS, Q1 2026 earnings at $0.29 EPS, Q2 2026 earnings at $0.61 EPS, Q3 2026 earnings at $0.73 EPS, Q4 2026 earnings at $0.71 EPS and FY2026 earnings at $2.34 EPS.
Several other equities analysts have also issued reports on FSTR. B. Riley boosted 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. StockNews.com lowered shares of L.B. Foster from a "strong-buy" rating to a "buy" rating in a report on Thursday.
Check Out Our Latest Stock Report on FSTR
L.B. Foster Trading Down 4.0 %
FSTR stock traded down $0.86 during midday trading on Thursday, hitting $20.75. The stock had a trading volume of 55,563 shares, compared to its average volume of 54,611. The firm has a market cap of $224.72 million, a P/E ratio of 5.33 and a beta of 0.97. The company has a current ratio of 2.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. L.B. Foster has a 1-year low of $14.23 and a 1-year high of $30.77. The business has a fifty day moving average price of $26.87 and a two-hundred day moving average price of $24.10.
Hedge Funds Weigh In On L.B. Foster
Several institutional investors have recently made changes to their positions in FSTR. MetLife Investment Management LLC raised its holdings in shares of 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 valued at $109,000 after purchasing an additional 3,003 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of L.B. Foster by 197.2% during the fourth quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company's stock valued at $171,000 after purchasing an additional 4,225 shares during the period. Lazard Asset Management LLC acquired a new position in shares of L.B. Foster during the fourth quarter valued at about $349,000. De Lisle Partners LLP raised 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 valued at $961,000 after purchasing an additional 5,000 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of L.B. Foster during the fourth quarter valued at about $1,784,000. Institutional investors and hedge funds own 80.63% of the company's stock.
L.B. Foster declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 4th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 16.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.
L.B. Foster Company Profile
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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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