L.B. Foster Co. (FSTR) Shares Up 6.6%
L.B. Foster Co. (NASDAQ:FSTR)’s share price shot up 6.6% during mid-day trading on Wednesday . The company traded as high as $10.76 and last traded at $10.73, with a volume of 52,759 shares. The stock had previously closed at $10.07.
A number of brokerages have recently issued reports on FSTR. DA Davidson lowered shares of L.B. Foster from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $18.00 in a research report on Wednesday, May 4th. 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. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. L.B. Foster has an average rating of “Hold” and an average price target of $18.00.
The stock has a 50-day moving average price of $10.80 and a 200 day moving average price of $13.42. The company’s market cap is $110.97 million.
L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.20. The company had revenue of $126.30 million for the quarter, compared to analyst estimates of $128.90 million. During the same quarter last year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities research analysts anticipate that L.B. Foster Co. will post $0.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Wednesday, September 7th.
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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