L.B. Foster (NASDAQ:FSTR - Get Free Report) announced its quarterly earnings data on Tuesday. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.21), Zacks reports. The firm had revenue of $97.79 million during the quarter, compared to analysts' expectations of $114.40 million. L.B. Foster had a return on equity of 6.01% and a net margin of 7.96%. L.B. Foster updated its FY 2025 guidance to EPS.
L.B. Foster Price Performance
NASDAQ:FSTR traded down $0.08 during trading hours on Friday, hitting $18.09. 16,777 shares of the stock traded hands, compared to its average volume of 54,681. The company has a market cap of $191.01 million, a price-to-earnings ratio of 4.65 and a beta of 0.95. L.B. Foster has a 1 year low of $14.23 and a 1 year high of $30.77. The stock has a 50 day moving average price of $19.91 and a 200 day moving average price of $24.07. The company has a quick ratio of 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37.
L.B. Foster announced that its board has approved a share repurchase program on Tuesday, March 4th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 16.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. StockNews.com cut shares of L.B. Foster from a "buy" rating to a "hold" rating in a research note on Thursday. B. Riley began coverage on shares of L.B. Foster in a research report on Thursday, March 27th. They issued a "neutral" rating and a $25.00 price target on the stock.
Get Our Latest Analysis on FSTR
L.B. Foster Company Profile
(
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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.
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