Sidoti Csr Estimates L.B. Foster FY2024 Earnings

L.B. Foster (NASDAQ:FSTR) – Equities research analysts at Sidoti Csr issued their FY2024 earnings per share (EPS) estimates for L.B. Foster in a report issued on Monday, November 18th. Sidoti Csr analyst J. Romero forecasts that the basic materials company will post earnings per share of $1.00 for the year. The consensus estimate for L.B. Foster’s current full-year earnings is $1.21 per share. Sidoti Csr also issued estimates for L.B. Foster’s Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.45 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $1.84 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.70 EPS and FY2026 earnings at $2.49 EPS.

A number of other brokerages have also weighed in on FSTR. StockNews.com upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th. B. Riley boosted their price target on L.B. Foster from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Singular Research raised L.B. Foster to a “strong-buy” rating in a research report on Monday, August 12th.

L.B. Foster Stock Down 0.5 %

Shares of L.B. Foster stock opened at $25.71 on Wednesday. The company has a 50-day simple moving average of $20.52 and a two-hundred day simple moving average of $22.07. The stock has a market capitalization of $278.44 million, a PE ratio of 6.61 and a beta of 0.83. L.B. Foster has a 52-week low of $14.23 and a 52-week high of $30.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.27.

Institutional Investors Weigh In On L.B. Foster

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSTR. De Lisle Partners LLP raised its stake in L.B. Foster by 11.9% during the 3rd quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock valued at $961,000 after buying an additional 5,000 shares during the last quarter. MetLife Investment Management LLC increased its position in L.B. Foster by 129.1% during the third quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 3,003 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in L.B. Foster by 760.1% in the first quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 1,581 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

About L.B. Foster

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.