L.B. Foster (NASDAQ:FSTR) Issues Earnings Results

L.B. Foster (NASDAQ:FSTR) released its quarterly earnings results on Tuesday. The basic materials company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.39, Fidelity Earnings reports. The business had revenue of $200.93 million during the quarter, compared to the consensus estimate of $178.85 million. L.B. Foster had a positive return on equity of 11.45% and a negative net margin of 4.21%.

Shares of NASDAQ FSTR traded down $2.19 during midday trading on Wednesday, reaching $24.17. The company’s stock had a trading volume of 99,468 shares, compared to its average volume of 47,646. L.B. Foster has a 12-month low of $13.91 and a 12-month high of $27.80. The firm has a 50 day moving average price of $25.52. The firm has a market cap of $256.46 million, a PE ratio of 20.66 and a beta of 1.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.88 and a quick ratio of 0.85.

FSTR has been the subject of a number of analyst reports. Zacks Investment Research downgraded L.B. Foster from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 15th. ValuEngine upgraded L.B. Foster from a “hold” rating to a “buy” rating in a research note on Friday, June 28th. B. Riley set a $30.00 price target on L.B. Foster and gave the company a “buy” rating in a research note on Friday, June 14th. Finally, BidaskClub downgraded L.B. Foster from a “buy” rating to a “hold” rating in a research note on Thursday, July 4th.

L.B. Foster Company Profile

L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products 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, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and other accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.

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

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