L.B. Foster (NASDAQ:FSTR - Get Free Report) released its earnings results on Tuesday. The basic materials company reported ($0.20) earnings per share (EPS) 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 net margin of 7.96% and a return on equity of 6.01%. L.B. Foster updated its FY 2025 guidance to EPS.
L.B. Foster Price Performance
Shares of L.B. Foster stock traded down $0.08 during trading on Friday, hitting $18.09. The stock had a trading volume of 16,777 shares, compared to its average volume of 54,499. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30. The business has a fifty day moving average of $19.91 and a two-hundred day moving average of $24.13. L.B. Foster has a fifty-two week low of $14.23 and a fifty-two week high of $30.77. The firm has a market cap of $191.01 million, a P/E ratio of 4.65 and a beta of 0.95.
Analysts Set New Price Targets
A number of research analysts have recently commented on FSTR shares. B. Riley began coverage on shares of L.B. Foster in a research note on Thursday, March 27th. They set a "neutral" rating and a $25.00 price objective for the company. StockNews.com downgraded shares of L.B. Foster from a "buy" rating to a "hold" rating in a research report on Thursday.
Check Out Our Latest Report on L.B. Foster
L.B. Foster announced that its board has approved a share buyback program on Tuesday, March 4th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the basic materials company to reacquire up to 16.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.
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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