Brokerages Expect L.B. Foster Co (NASDAQ:FSTR) to Announce $0.35 EPS

Shares of L.B. Foster Co (NASDAQ:FSTR) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price target of $30.00 for the company and are forecasting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also given L.B. Foster an industry rank of 227 out of 255 based on the ratings given to its competitors.

Several brokerages recently weighed in on FSTR. Zacks Investment Research lowered L.B. Foster from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. ValuEngine raised shares of L.B. Foster from a “strong sell” rating to a “sell” rating in a report on Thursday, October 31st.

Several hedge funds have recently made changes to their positions in FSTR. Squarepoint Ops LLC grew its stake in L.B. Foster by 69.1% in the 3rd quarter. Squarepoint Ops LLC now owns 31,455 shares of the basic materials company’s stock valued at $682,000 after buying an additional 12,855 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of L.B. Foster by 8.0% during the third quarter. Systematic Financial Management LP now owns 8,340 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 615 shares in the last quarter. First Trust Advisors LP bought a new position in shares of L.B. Foster in the third quarter worth $586,000. Russell Investments Group Ltd. boosted its holdings in shares of L.B. Foster by 10.1% in the third quarter. Russell Investments Group Ltd. now owns 34,294 shares of the basic materials company’s stock worth $743,000 after acquiring an additional 3,140 shares during the period. Finally, Dupont Capital Management Corp grew its position in shares of L.B. Foster by 49.2% in the third quarter. Dupont Capital Management Corp now owns 19,233 shares of the basic materials company’s stock valued at $417,000 after purchasing an additional 6,344 shares in the last quarter. Institutional investors own 73.37% of the company’s stock.

NASDAQ FSTR traded up $0.71 on Tuesday, hitting $19.37. 28,721 shares of the stock traded hands, compared to its average volume of 20,696. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.95. The business’s fifty day moving average is $19.12 and its two-hundred day moving average is $22.12. L.B. Foster has a 12 month low of $13.91 and a 12 month high of $27.80. The firm has a market capitalization of $197.41 million, a price-to-earnings ratio of 16.56 and a beta of 1.76.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Tuesday, October 29th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.18). L.B. Foster had a negative net margin of 3.71% and a positive return on equity of 14.16%. The firm had revenue of $154.28 million during the quarter, compared to the consensus estimate of $169.23 million. Analysts expect that L.B. Foster will post 1.89 EPS for the current fiscal year.

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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