L.B. Foster (NASDAQ:FSTR) Issues Earnings Results, Misses Estimates By $0.16 EPS

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

L.B. Foster Trading Up 12.0 %

Shares of FSTR traded up $1.93 during trading hours on Thursday, hitting $18.01. The company had a trading volume of 82,895 shares, compared to its average volume of 61,060. L.B. Foster has a 52-week low of $14.23 and a 52-week high of $30.77. The company has a quick ratio of 1.15, a current ratio of 2.17 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $22.78 and its 200 day moving average price is $24.32. The firm has a market cap of $197.46 million, a P/E ratio of 24.67 and a beta of 0.86.

Wall Street Analyst Weigh In

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

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.