L.B. Foster Co. (FSTR) Trading 4.7% Higher
L.B. Foster Co. (NASDAQ:FSTR) shares traded up 4.7% during trading on Tuesday . The company traded as high as $11.21 and last traded at $11.10, with a volume of 80,446 shares trading hands. The stock had previously closed at $10.60.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. DA Davidson cut shares of L.B. Foster from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $18.00 in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.00.
The stock’s market cap is $114.80 million. The stock has a 50-day moving average of $11.09 and a 200 day moving average of $13.43.
L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.20. During the same period in the previous year, the business posted $0.41 EPS. The company earned $126.30 million during the quarter, compared to the consensus estimate of $128.90 million. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, equities analysts forecast that L.B. Foster Co. will post $0.43 EPS for the current fiscal year.
L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.
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