L.B. Foster (FSTR) Scheduled to Post Earnings on Thursday

L.B. Foster (NASDAQ:FSTR) will be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). L.B. Foster had a return on equity of 2.69% and a net margin of 1.35%. The firm had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $137.36 million. During the same period in the previous year, the company posted $0.32 earnings per share. On average, analysts expect L.B. Foster to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

L.B. Foster Price Performance

Shares of L.B. Foster stock traded up $0.70 on Tuesday, reaching $19.81. The stock had a trading volume of 18,796 shares, compared to its average volume of 56,487. L.B. Foster has a 1 year low of $14.23 and a 1 year high of $30.77. The company has a market cap of $216.92 million, a P/E ratio of 28.52 and a beta of 0.83. The company has a current ratio of 2.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $19.65 and its two-hundred day moving average is $22.13.

Wall Street Analyst Weigh In

FSTR has been the topic of a number of recent analyst reports. B. Riley lowered their price target on shares of L.B. Foster from $27.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, August 14th. Singular Research raised shares of L.B. Foster to a “strong-buy” rating in a research note on Monday, August 12th. Finally, StockNews.com downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 14th.

Insider Activity at L.B. Foster

In other L.B. Foster news, CFO William M. Thalman purchased 2,500 shares of L.B. Foster stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $16.79 per share, for a total transaction of $41,975.00. Following the completion of the transaction, the chief financial officer now directly owns 58,806 shares of the company’s stock, valued at approximately $987,352.74. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO William M. Thalman purchased 2,500 shares of the stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $16.79 per share, with a total value of $41,975.00. Following the transaction, the chief financial officer now directly owns 58,806 shares in the company, valued at $987,352.74. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raymond T. Betler bought 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $17.62 per share, with a total value of $88,100.00. Following the transaction, the director now owns 30,893 shares in the company, valued at $544,334.66. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 8,620 shares of company stock valued at $149,231 over the last three months. 6.20% of the stock is owned by corporate insiders.

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.