L.B. Foster Co. (FSTR) Stock Price Down 4.4%
L.B. Foster Co. (NASDAQ:FSTR)’s share price dropped 4.4% on Wednesday . The stock traded as low as $10.36 and last traded at $10.61, with a volume of 63,281 shares changing hands. The stock had previously closed at $11.10.
FSTR has been the topic of several analyst reports. Zacks Investment Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. DA Davidson downgraded L.B. Foster from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $18.00 in a research report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. L.B. Foster presently has an average rating of “Hold” and an average target price of $18.00.
The firm’s 50-day moving average is $11.04 and its 200-day moving average is $13.41. The company’s market cap is $109.73 million.
L.B. Foster (NASDAQ:FSTR) last released its earnings results on Tuesday, May 3rd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.20. During the same quarter last year, the firm posted $0.41 earnings per share. The company earned $126.30 million during the quarter, compared to analysts’ expectations of $128.90 million. L.B. Foster’s revenue for the quarter was down 8.4% compared to the same quarter last year. Analysts anticipate 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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