L.B. Foster (NASDAQ:FSTR) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Key Points

• L.B. Foster reported quarterly EPS of $0.29, falling $0.11 short of the $0.40 analyst consensus, while revenue of $138.55 million exceeded estimates of $134.49 million.
• The stock opened at $41.27 and has risen substantially from its 52-week low of $21.67, but its $40.07 P/E ratio exceeds the analyst consensus price target of $32.00.
• Analyst sentiment is mixed but leans toward Hold: one analyst rates the stock Buy and three rate it Hold. Institutional investors own approximately 80.63% of the company.

L.B. Foster (NASDAQ:FSTR - Get Free Report) released its quarterly earnings data on Monday. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11), FiscalAI reports. The business had revenue of $138.55 million during the quarter, compared to analyst estimates of $134.49 million. L.B. Foster had a net margin of 1.98% and a return on equity of 6.36%.

L.B. Foster Price Performance

Shares of L.B. Foster stock opened at $41.27 on Monday. The firm has a fifty day simple moving average of $42.38 and a 200-day simple moving average of $35.59. The company has a current ratio of 2.22, a quick ratio of 1.28 and a debt-to-equity ratio of 0.34. L.B. Foster has a 1-year low of $21.67 and a 1-year high of $45.81. The stock has a market capitalization of $431.68 million, a price-to-earnings ratio of 40.07, a PEG ratio of 0.66 and a beta of 1.15.

Wall Street Analyst Weigh In

Several research firms have weighed in on FSTR. Zacks Research lowered L.B. Foster from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Wall Street Zen upgraded L.B. Foster from a "buy" rating to a "strong-buy" rating in a research note on Monday, June 8th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of L.B. Foster in a research note on Friday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $32.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in L.B. Foster by 7.4% in the 2nd 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 period. State Street Corp boosted its holdings in L.B. Foster by 2.4% during the fourth quarter. State Street Corp now owns 145,647 shares of the basic materials company's stock valued at $3,925,000 after acquiring an additional 3,349 shares during the period. Bragg Financial Advisors Inc grew its position in shares of L.B. Foster by 0.4% in the fourth quarter. Bragg Financial Advisors Inc now owns 113,765 shares of the basic materials company's stock valued at $3,066,000 after purchasing an additional 416 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of L.B. Foster by 593.7% in the fourth quarter. Wealthspire Advisors LLC now owns 68,923 shares of the basic materials company's stock valued at $1,857,000 after purchasing an additional 58,988 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of L.B. Foster by 8.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 63,033 shares of the basic materials company's stock worth $1,699,000 after purchasing an additional 4,784 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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.

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