L.B. Foster (NASDAQ:FSTR) Announces Quarterly Earnings Results, Beats Expectations By $0.36 EPS

Key Points

• Earnings beat: L.B. Foster reported Q results of $0.14 EPS, beating the consensus (-$0.22) by $0.36, and posted revenue of $121.14 million versus estimates of $104.30 million, with a net margin of 1.40% and ROE of 4.32%.
• Insider selling notable: Major shareholder Aron R. English sold 78,414 shares for about $2.24 million (a 6.61% reduction) and insiders sold 152,074 shares worth $4.33 million in the last quarter; insiders own 7.60% while institutions/hedge funds own 80.63%.
• Mixed analyst view and valuation: Shares trade around $30.70 with a market cap of $321.1M and a P/E of 44.49, and analysts hold a consensus "Hold" rating with an average price target of $32.00.

L.B. Foster (NASDAQ:FSTR - Get Free Report) posted its quarterly earnings results on Monday. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.36, FiscalAI reports. L.B. Foster had a net margin of 1.40% and a return on equity of 4.32%. The business had revenue of $121.14 million during the quarter, compared to the consensus estimate of $104.30 million.

L.B. Foster Price Performance

FSTR opened at $30.70 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.87 and a quick ratio of 1.15. The company has a market capitalization of $321.12 million, a price-to-earnings ratio of 44.49 and a beta of 1.06. The firm's fifty day moving average price is $29.54 and its two-hundred day moving average price is $28.64. L.B. Foster has a 1 year low of $17.16 and a 1 year high of $32.63.

Insider Transactions at L.B. Foster

In other L.B. Foster news, major shareholder Aron R. English sold 78,414 shares of L.B. Foster stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $28.51, for a total transaction of $2,235,583.14. Following the transaction, the insider directly owned 1,107,508 shares of the company's stock, valued at $31,575,053.08. The trade was a 6.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 152,074 shares of company stock worth $4,325,623. 7.60% of the stock is owned by insiders.

Hedge Funds Weigh In On L.B. Foster

Hedge funds have recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in L.B. Foster by 9.1% during the 4th quarter. Empowered Funds LLC now owns 15,433 shares of the basic materials company's stock worth $416,000 after acquiring an additional 1,284 shares during the last quarter. Ancora Advisors LLC purchased a new position in L.B. Foster during the 3rd quarter worth $409,000. JPMorgan Chase & Co. boosted its holdings in L.B. Foster by 59.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,063 shares of the basic materials company's stock worth $379,000 after acquiring an additional 5,264 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in L.B. Foster by 39.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 12,129 shares of the basic materials company's stock worth $327,000 after acquiring an additional 3,447 shares during the last quarter. Finally, &PARTNERS boosted its holdings in L.B. Foster by 27.8% during the 4th quarter. &PARTNERS now owns 9,823 shares of the basic materials company's stock worth $265,000 after acquiring an additional 2,136 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FSTR. Zacks Research downgraded shares of L.B. Foster from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 4th. Wall Street Zen downgraded shares of L.B. Foster from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 7th. Finally, B. Riley Financial lifted their price target on shares of L.B. Foster from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $32.00.

L.B. Foster Company Profile

L.B. Foster Company is a diversified infrastructure solutions provider offering products and services to the transportation, energy, and construction markets. Founded in 1902 and headquartered in Pittsburgh, Pennsylvania, the company has built a reputation for delivering specialty materials and engineering solutions that support critical infrastructure projects across various industries.

The company's operations are organized into three primary segments: Rail Products & Services, Construction Products, and Tubular & Energy Products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.