L.B. Foster (NASDAQ:FSTR) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS


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L.B. Foster (NASDAQ:FSTR) issued its quarterly earnings data on Sunday. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.09), MarketWatch Earnings reports. L.B. Foster had a net margin of 5.85% and a return on equity of 2.61%.

NASDAQ:FSTR traded down $0.17 during trading hours on Tuesday, reaching $16.32. 2,509 shares of the stock were exchanged, compared to its average volume of 70,645. L.B. Foster has a twelve month low of $9.29 and a twelve month high of $19.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.05 and a quick ratio of 0.87. The firm has a 50 day moving average of $17.34 and a 200 day moving average of $15.95. The stock has a market cap of $176.34 million, a PE ratio of 5.55 and a beta of 1.22.

Several brokerages recently issued reports on FSTR. Zacks Investment Research upgraded L.B. Foster from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Friday, March 5th. B. Riley reiterated a “buy” rating and issued a $20.00 price objective (up from $19.00) on shares of L.B. Foster in a research report on Wednesday, March 3rd.

L.B. Foster Company Profile

L.B. Foster Company provides products and services for the rail industry and solutions to support critical infrastructure projects worldwide. The company operates in 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; used rails; rail accessories, including track spikes and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories.

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Earnings History for L.B. Foster (NASDAQ:FSTR)

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