FY2024 Earnings Forecast for L.B. Foster Issued By B. Riley

L.B. Foster (NASDAQ:FSTR) – Investment analysts at B. Riley lifted their FY2024 earnings per share (EPS) estimates for shares of L.B. Foster in a research report issued to clients and investors on Wednesday, November 13th. B. Riley analyst A. Rygiel now expects that the basic materials company will post earnings per share of $1.19 for the year, up from their previous estimate of $1.17. B. Riley currently has a “Neutral” rating and a $25.00 target price on the stock. The consensus estimate for L.B. Foster’s current full-year earnings is $1.20 per share. B. Riley also issued estimates for L.B. Foster’s Q4 2024 earnings at $0.32 EPS.

Other equities analysts also recently issued research reports about the stock. StockNews.com raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th. Singular Research upgraded L.B. Foster to a “strong-buy” rating in a research note on Monday, August 12th.

L.B. Foster Stock Up 11.4 %

FSTR stock opened at $26.49 on Friday. The firm has a 50-day moving average price of $20.25 and a 200-day moving average price of $22.06. L.B. Foster has a 12 month low of $14.23 and a 12 month high of $30.77. The company has a current ratio of 2.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $286.89 million, a P/E ratio of 6.81 and a beta of 0.83.

Institutional Trading of L.B. Foster

Several institutional investors have recently modified their holdings of FSTR. De Lisle Partners LLP increased its position 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 purchasing an additional 5,000 shares during the period. MetLife Investment Management LLC increased its position in shares of 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 worth $109,000 after buying an additional 3,003 shares during the period. Finally, Lazard Asset Management LLC raised its stake in L.B. Foster by 760.1% during the first quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company’s stock worth $48,000 after buying an additional 1,581 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

L.B. Foster Company Profile

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.