L.B. Foster Co. (FSTR) Stock Price Down 3.8%
L.B. Foster Co. (NASDAQ:FSTR) shares dropped 3.8% during mid-day trading on Thursday . The company traded as low as $11.47 and last traded at $11.55, with a volume of 59,057 shares trading hands. The stock had previously closed at $12.01.
The stock’s 50-day moving average price is $10.96 and its 200 day moving average price is $13.39. The company’s market cap is $123.77 million.
L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.30. The firm had revenue of $136 million for the quarter, compared to analysts’ expectations of $152.65 million. During the same period last year, the firm posted $0.52 earnings per share. L.B. Foster’s revenue for the quarter was down 20.7% on a year-over-year basis. Equities analysts anticipate that L.B. Foster Co. will post ($0.24) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders 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 dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, September 7th.
In other news, Director Robert S. Purgason bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were bought at an average price of $11.24 per share, for a total transaction of $112,400.00. Following the purchase, the director now owns 27,915 shares in the company, valued at $313,764.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradley Vizi bought 13,160 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were purchased at an average price of $12.00 per share, for a total transaction of $157,920.00. 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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