Sidoti Csr Weighs in on L.B. Foster FY2024 Earnings

L.B. Foster (NASDAQ:FSTR) – Equities research analysts at Sidoti Csr issued their FY2024 earnings per share estimates for shares of L.B. Foster in a report released on Monday, November 18th. Sidoti Csr analyst J. Romero anticipates that the basic materials company will post earnings per share of $1.00 for the year. The consensus estimate for L.B. Foster’s current full-year earnings is $1.21 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.

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

L.B. Foster Stock Performance

NASDAQ:FSTR opened at $25.71 on Wednesday. The stock has a 50-day simple moving average of $20.52 and a two-hundred day simple moving average of $22.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.27. L.B. Foster has a 52-week low of $14.23 and a 52-week high of $30.77. The firm has a market capitalization of $278.44 million, a PE ratio of 6.61 and a beta of 0.83.

Institutional Trading of L.B. Foster

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSTR. De Lisle Partners LLP boosted its stake in L.B. Foster by 11.9% in the 3rd quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock worth $961,000 after purchasing an additional 5,000 shares during the period. MetLife Investment Management LLC lifted its holdings 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 worth $109,000 after buying an additional 3,003 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of L.B. Foster by 760.1% during the first quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,581 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.