Sidoti Issues Negative Estimate for L.B. Foster Earnings

L.B. Foster Company (NASDAQ:FSTR) – Stock analysts at Sidoti reduced their Q1 2027 EPS estimates for L.B. Foster in a research report issued on Thursday, November 5th. Sidoti analyst J. Romero now forecasts that the basic materials company will post earnings per share of ($0.13) for the quarter, down from their previous forecast of ($0.09). The consensus estimate for L.B. Foster’s current full-year earnings is $1.86 per share.

Several other research analysts have also recently weighed in on FSTR. Weiss Ratings cut L.B. Foster from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen raised L.B. Foster from a “hold” rating to a “strong-buy” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, L.B. Foster currently has an average rating of “Hold” and an average price target of $32.00.

L.B. Foster Stock Up 5.4%

FSTR opened at $41.88 on Monday. L.B. Foster has a one year low of $25.66 and a one year high of $45.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 2.00. The stock’s fifty day moving average is $36.82 and its 200-day moving average is $36.12. The company has a market capitalization of $440.58 million, a PE ratio of 32.47, a P/E/G ratio of 0.64 and a beta of 1.17.

L.B. Foster (NASDAQ:FSTR) last released its earnings results on Wednesday, November 4th. The basic materials company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. The firm had revenue of $168.00 million during the quarter, compared to the consensus estimate of $152.19 million. L.B. Foster had a return on equity of 8.96% and a net margin of 2.35%.

Institutional Trading of L.B. Foster

A number of hedge funds have recently bought and sold shares of FSTR. De Lisle Partners LLP acquired a new position in shares of L.B. Foster in the second quarter worth about $1,378,000. Assenagon Asset Management S.A. raised its holdings in shares of L.B. Foster by 43.3% during the second quarter. Assenagon Asset Management S.A. now owns 40,176 shares of the basic materials company’s stock valued at $1,815,000 after acquiring an additional 12,141 shares during the period. Bank of America Corp DE lifted its position in shares of L.B. Foster by 13.3% in the 1st quarter. Bank of America Corp DE now owns 15,941 shares of the basic materials company’s stock valued at $445,000 after acquiring an additional 1,869 shares in the last quarter. Royal Bank of Canada lifted its position in shares of L.B. Foster by 74.3% in the 1st quarter. Royal Bank of Canada now owns 21,558 shares of the basic materials company’s stock valued at $601,000 after acquiring an additional 9,191 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of L.B. Foster by 8.0% in the 1st quarter. Empowered Funds LLC now owns 16,665 shares of the basic materials company’s stock valued at $465,000 after acquiring an additional 1,232 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

L.B. Foster Company Profile

L.B. Foster Company (NASDAQ: FSTR) is a Pittsburgh-based manufacturer and supplier of products, technologies and services used in transportation and industrial infrastructure. The company serves customers primarily in the rail, construction and energy markets, providing solutions designed to support the construction, maintenance and operation of critical infrastructure.

In its rail business, L.B. Foster offers rail and track products such as rail joints, fastening systems, track components and related maintenance solutions.