FY2025 Earnings Forecast for L.B. Foster Issued By B. Riley

L.B. Foster Company (NASDAQ:FSTR) – Investment analysts at B. Riley decreased their FY2025 earnings per share (EPS) estimates for shares of L.B. Foster in a report issued on Monday, November 3rd. B. Riley analyst L. Burke now expects that the basic materials company will post earnings per share of $1.12 for the year, down from their previous forecast of $1.16. The consensus estimate for L.B. Foster’s current full-year earnings is $1.16 per share.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Monday, August 11th. The basic materials company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.25). The company had revenue of $143.56 million during the quarter, compared to analyst estimates of $147.76 million. L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. L.B. Foster has set its FY 2025 guidance at EPS.

A number of other brokerages also recently issued reports on FSTR. Wall Street Zen upgraded shares of L.B. Foster from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of L.B. Foster in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of L.B. Foster from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.00.

L.B. Foster Stock Down 1.7%

Shares of NASDAQ FSTR opened at $26.94 on Tuesday. The stock has a market capitalization of $285.51 million, a P/E ratio of 8.11 and a beta of 0.96. The stock’s fifty day moving average is $26.75 and its 200 day moving average is $23.18. L.B. Foster has a 52 week low of $17.16 and a 52 week high of $29.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 2.53.

Institutional Trading of L.B. Foster

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in shares of L.B. Foster during the second quarter worth $122,000. Tower Research Capital LLC TRC lifted its stake in shares of L.B. Foster by 189.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 1,395 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of L.B. Foster by 161.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company’s stock valued at $1,122,000 after acquiring an additional 31,685 shares in the last quarter. Ameriprise Financial Inc. grew its position in L.B. Foster by 15.2% during the 2nd 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 during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in L.B. Foster by 2.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company’s stock worth $20,782,000 after purchasing an additional 18,272 shares in the last quarter. Institutional investors and hedge funds 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.