FY2028 Earnings Forecast for L.B. Foster Issued By Sidoti

L.B. Foster Company (NASDAQ:FSTR – Free Report) – Investment analysts at Sidoti issued their FY2028 EPS estimates for L.B. Foster in a report issued on Thursday, June 25th. Sidoti analyst J. Romero anticipates that the basic materials company will earn $2.54 per share for the year. The consensus estimate for L.B. Foster’s current full-year earnings is $1.74 per share.

Get L.B. Foster alerts:

L.B. Foster (NASDAQ:FSTR – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.36. L.B. Foster had a return on equity of 6.36% and a net margin of 1.98%.The company had revenue of $121.14 million during the quarter, compared to analyst estimates of $104.30 million.

A number of other brokerages also recently issued reports on FSTR. B. Riley Financial lifted their price target on L.B. Foster from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, March 4th. Weiss Ratings upgraded shares of L.B. Foster from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Zacks Research raised shares of L.B. Foster from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Read Our Latest Research Report on L.B. Foster

L.B. Foster Price Performance

Shares of NASDAQ FSTR opened at $44.64 on Friday. The stock’s 50-day simple moving average is $38.53 and its two-hundred day simple moving average is $32.45. L.B. Foster has a twelve month low of $21.37 and a twelve month high of $45.81. The firm has a market capitalization of $466.93 million, a P/E ratio of 43.34 and a beta of 1.15. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.34.

Institutional Investors Weigh In On L.B. Foster

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank raised its position in L.B. Foster by 356.7% in the 3rd quarter. Comerica Bank now owns 1,466 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,145 shares during the period. Fifth Third Bancorp bought a new position in shares of L.B. Foster during the first quarter valued at about $47,000. Tower Research Capital LLC TRC grew its stake in shares of L.B. Foster by 189.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock valued at $47,000 after buying an additional 1,395 shares during the last quarter. State of Wyoming purchased a new position in shares of L.B. Foster in the second quarter worth about $122,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of L.B. Foster by 469.1% in the third quarter. BNP Paribas Financial Markets now owns 5,765 shares of the basic materials company’s stock worth $155,000 after buying an additional 4,752 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Insider Buying and Selling

In other L.B. Foster news, major shareholder Aron R. English sold 38,431 shares of L.B. Foster stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $28.05, for a total transaction of $1,077,989.55. Following the transaction, the insider directly owned 1,027,255 shares of the company’s stock, valued at approximately $28,814,502.75. This trade represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.60% of the stock is owned by insiders.

About L.B. Foster

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than L.B. Foster
• MDA Space Targets US Defense Market With $620M Acquisition
• Carnival’s Second Quarter: Is the Stock Still Complicated?
• Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
• Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal

Receive News & Ratings for L.B. Foster Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L.B. Foster and related companies with MarketBeat.com's FREE daily email newsletter.