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

L.B. Foster (NASDAQ:FSTR) announced its quarterly earnings results on Monday. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.21), Zacks reports. The firm had revenue of $138.29 million during the quarter, compared to the consensus estimate of $154.38 million. L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%. L.B. Foster updated its FY 2025 guidance to EPS.

L.B. Foster Trading Up 1.1%

Shares of FSTR opened at $27.40 on Monday. The firm’s 50-day moving average price is $26.69 and its 200-day moving average price is $23.13. The firm has a market capitalization of $290.39 million, a price-to-earnings ratio of 8.25 and a beta of 0.96. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. L.B. Foster has a 1-year low of $17.16 and a 1-year high of $29.77.

Wall Street Analyst Weigh In

FSTR has been the topic of a number of recent analyst reports. Zacks Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Wall Street Zen raised shares of L.B. Foster from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of L.B. Foster in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, L.B. Foster presently has a consensus rating of “Hold” and an average target price of $25.00.

Institutional Investors Weigh In On L.B. Foster

Several hedge funds have recently bought and sold shares of FSTR. Bridgeway Capital Management LLC boosted its stake in L.B. Foster by 161.7% during the second quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company’s stock worth $1,122,000 after acquiring an additional 31,685 shares in the last quarter. Geode Capital Management LLC boosted its stake in L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company’s stock worth $5,207,000 after acquiring an additional 16,320 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in L.B. Foster during the second quarter worth about $201,000. Ameriprise Financial Inc. boosted its stake in L.B. Foster by 15.2% during the second quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company’s stock worth $1,149,000 after acquiring an additional 6,920 shares in the last quarter. Finally, State of Wyoming bought a new stake in L.B. Foster during the second quarter worth about $122,000. Institutional investors own 80.63% of the company’s stock.

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.