Sidoti Csr Comments on L.B. Foster FY2024 Earnings

L.B. Foster (NASDAQ:FSTR) – Analysts at Sidoti Csr issued their FY2024 earnings per share (EPS) estimates for L.B. Foster in a report issued on Monday, November 18th. Sidoti Csr analyst J. Romero anticipates that the basic materials company will post earnings of $1.00 per share for the year. The consensus estimate for L.B. Foster’s current full-year earnings is $1.17 per share. Sidoti Csr also issued estimates for L.B. Foster’s Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $1.84 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.70 EPS and FY2026 earnings at $2.49 EPS.

FSTR has been the subject of a number of other research reports. B. Riley lifted their price objective on shares of L.B. Foster from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Singular Research raised shares of L.B. Foster to a “strong-buy” rating in a report on Monday, August 12th. Finally, StockNews.com upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th.

L.B. Foster Trading Up 3.1 %

NASDAQ:FSTR opened at $27.13 on Wednesday. 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 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37. The company has a market cap of $293.82 million, a PE ratio of 7.01 and a beta of 0.83. The business’s 50 day moving average is $20.66 and its two-hundred day moving average is $22.10.

Hedge Funds Weigh In On L.B. Foster

Several institutional investors have recently modified their holdings of FSTR. Lazard Asset Management LLC lifted its position in L.B. Foster by 760.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,581 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of L.B. Foster by 129.1% in the third quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 3,003 shares during the period. Finally, De Lisle Partners LLP raised its holdings in shares of L.B. Foster by 11.9% during the third quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock valued at $961,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

L.B. Foster Company Profile

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.