L.B. Foster (NASDAQ:FSTR) Releases Earnings Results, Misses Expectations By $0.09 EPS


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L.B. Foster (NASDAQ:FSTR) announced its quarterly earnings data on Sunday. The basic materials company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.09), MarketWatch Earnings reports. L.B. Foster had a net margin of 5.85% and a return on equity of 2.61%.

FSTR stock traded down $0.17 during midday trading on Tuesday, hitting $16.32. 2,509 shares of the stock traded hands, compared to its average volume of 70,645. The stock’s fifty day simple moving average is $17.34 and its 200-day simple moving average is $15.95. The firm has a market cap of $176.34 million, a P/E ratio of 5.55 and a beta of 1.22. L.B. Foster has a 1-year low of $9.29 and a 1-year high of $19.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.05 and a quick ratio of 0.87.

Several equities research analysts have commented on FSTR shares. Zacks Investment Research raised shares of L.B. Foster from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Friday, March 5th. B. Riley reiterated a “buy” rating and set a $20.00 price target (up from $19.00) on shares of L.B. Foster in a research report on Wednesday, March 3rd.

About L.B. Foster

L.B. Foster Company provides products and services for the rail industry and solutions to support critical infrastructure projects worldwide. The company operates in 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; used rails; rail accessories, including track spikes and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories.

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Earnings History for L.B. Foster (NASDAQ:FSTR)

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