L.B. Foster (FSTR) Set to Announce Quarterly Earnings on Thursday

L.B. Foster (NASDAQ:FSTR) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect L.B. Foster to post earnings of $0.49 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

L.B. Foster (NASDAQ:FSTR) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). The business had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $137.36 million. L.B. Foster had a return on equity of 2.69% and a net margin of 1.35%. During the same quarter in the previous year, the business earned $0.32 EPS. On average, analysts expect L.B. Foster to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

L.B. Foster Stock Up 3.7 %

Shares of L.B. Foster stock traded up $0.70 during trading on Tuesday, hitting $19.81. 18,796 shares of the stock traded hands, compared to its average volume of 56,487. The firm has a market cap of $216.92 million, a P/E ratio of 28.52 and a beta of 0.83. The company has a current ratio of 2.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59. L.B. Foster has a 52-week low of $14.23 and a 52-week high of $30.77. The stock’s fifty day simple moving average is $19.65 and its 200 day simple moving average is $22.13.

Insider Buying and Selling

In other news, Director Raymond T. Betler bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average price of $17.62 per share, with a total value of $88,100.00. Following the completion of the acquisition, the director now directly owns 30,893 shares of the company’s stock, valued at $544,334.66. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other L.B. Foster news, Director Raymond T. Betler acquired 5,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average cost of $17.62 per share, for a total transaction of $88,100.00. Following the completion of the transaction, the director now directly owns 30,893 shares of the company’s stock, valued at $544,334.66. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William M. Thalman acquired 2,500 shares of the stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $16.79 per share, for a total transaction of $41,975.00. Following the purchase, the chief financial officer now directly owns 58,806 shares of the company’s stock, valued at $987,352.74. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 8,620 shares of company stock valued at $149,231 over the last quarter. 6.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FSTR shares. Singular Research upgraded L.B. Foster to a “strong-buy” rating in a research note on Monday, August 12th. B. Riley cut their price target on L.B. Foster from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 14th. Finally, StockNews.com lowered L.B. Foster from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 14th.

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.