L.B. Foster Co. (FSTR) Stock Price Down 3.8%
Shares of L.B. Foster Co. (NASDAQ:FSTR) fell 3.8% during trading on Thursday . The company traded as low as $11.47 and last traded at $11.55, with a volume of 59,057 shares changing hands. The stock had previously closed at $12.01.
The company’s market cap is $119.92 million. The company’s 50 day moving average price is $10.93 and its 200-day moving average price is $13.40.
L.B. Foster (NASDAQ:FSTR) last announced its earnings results on Tuesday, August 9th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.30. The business earned $136 million during the quarter, compared to analysts’ expectations of $152.65 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. L.B. Foster’s quarterly revenue was down 20.7% compared to the same quarter last year. On average, equities research analysts expect that L.B. Foster Co. will post ($0.24) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, September 7th.
In other L.B. Foster news, Director Bradley Vizi bought 57,452 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were purchased at an average price of $11.07 per share, with a total value of $635,993.64. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert P. Bauer bought 3,000 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were acquired at an average cost of $9.56 per share, for a total transaction of $28,680.00. Following the purchase, the insider now directly owns 68,850 shares in the company, valued at $658,206. The disclosure for this purchase can be found here.
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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