L.B. Foster (NASDAQ:FSTR) Posts Earnings Results, Misses Expectations By $0.25 EPS

Key Points

• L.B. Foster reported **$0.27 earnings per share**, missing analysts' expectations of **$0.52 by $0.25**.
• The company's revenue for the quarter was **$143.56 million**, slightly below the forecast of **$147.76 million**.
• Following the earnings report, **Wall Street Zen upgraded L.B. Foster from a "hold" to a "buy" rating**.

L.B. Foster (NASDAQ:FSTR - Get Free Report) issued its quarterly earnings data on Monday. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.25), Zacks reports. L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. The business had revenue of $143.56 million during the quarter, compared to the consensus estimate of $147.76 million. L.B. Foster updated its FY 2025 guidance to EPS.

L.B. Foster Price Performance

FSTR traded down $0.71 during trading on Thursday, hitting $23.57. The company's stock had a trading volume of 39,560 shares, compared to its average volume of 29,370. The firm's 50 day moving average price is $22.35 and its two-hundred day moving average price is $21.97. The company has a quick ratio of 1.29, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. L.B. Foster has a 12 month low of $17.16 and a 12 month high of $29.77. The stock has a market capitalization of $249.84 million, a price-to-earnings ratio of 7.10 and a beta of 0.98.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded L.B. Foster from a "hold" rating to a "buy" rating in a research report on Friday, May 16th.

Hedge Funds Weigh In On L.B. Foster

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of L.B. Foster by 7.4% during the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company's stock worth $5,207,000 after acquiring an additional 16,320 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of L.B. Foster during the second quarter worth $201,000. Rhumbline Advisers raised its position in shares of L.B. Foster by 5.7% during the second quarter. Rhumbline Advisers now owns 9,667 shares of the basic materials company's stock worth $211,000 after acquiring an additional 525 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of L.B. Foster by 1.5% during the second quarter. First Trust Advisors LP now owns 32,042 shares of the basic materials company's stock worth $701,000 after acquiring an additional 461 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.