L.B. Foster (NASDAQ:FSTR) Issues Quarterly Earnings Results

L.B. Foster (NASDAQ:FSTR) released its earnings results on Tuesday. The basic materials company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16), Yahoo Finance reports. L.B. Foster had a net margin of 1.46% and a return on equity of 3.19%. The business had revenue of $140.80 million for the quarter, compared to the consensus estimate of $137.36 million. During the same period in the prior year, the company posted $0.32 EPS. L.B. Foster updated its FY 2024 guidance to EPS.

L.B. Foster Trading Up 12.0 %

Shares of NASDAQ:FSTR traded up $1.93 during trading on Thursday, reaching $18.01. 82,895 shares of the company were exchanged, compared to its average volume of 61,060. The business’s fifty day simple moving average is $22.78 and its 200-day simple moving average is $24.32. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.17 and a quick ratio of 1.15. L.B. Foster has a 12-month low of $14.23 and a 12-month high of $30.77. The firm has a market capitalization of $197.46 million, a PE ratio of 24.67 and a beta of 0.86.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FSTR shares. StockNews.com upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Tuesday. B. Riley upped their price target on shares of L.B. Foster from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, May 10th.

About L.B. Foster

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.