L.B. Foster (NASDAQ:FSTR – Free Report) – Equities researchers at B. Riley dropped their FY2023 earnings per share estimates for L.B. Foster in a research report issued to clients and investors on Monday, November 13th. B. Riley analyst A. Rygiel now forecasts that the basic materials company will earn $0.29 per share for the year, down from their prior estimate of $0.68. B. Riley has a “Neutral” rating and a $18.00 price target on the stock. The consensus estimate for L.B. Foster’s current full-year earnings is $0.68 per share. B. Riley also issued estimates for L.B. Foster’s Q4 2023 earnings at ($0.03) EPS and FY2024 earnings at $1.05 EPS.
Separately, StockNews.com upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Friday, November 10th.
L.B. Foster Trading Up 0.7 %
Shares of FSTR stock opened at $20.00 on Wednesday. L.B. Foster has a 1 year low of $9.00 and a 1 year high of $22.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.98 and a quick ratio of 1.12. The stock’s 50 day simple moving average is $19.04 and its two-hundred day simple moving average is $15.99. The company has a market cap of $221.60 million, a PE ratio of -5.10 and a beta of 0.87.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of FSTR. Systematic Financial Management LP boosted its position in shares of L.B. Foster by 31.1% in the 4th quarter. Systematic Financial Management LP now owns 102,005 shares of the basic materials company’s stock worth $987,000 after purchasing an additional 24,182 shares in the last quarter. EAM Investors LLC purchased a new position in shares of L.B. Foster in the 3rd quarter valued at about $1,788,000. Finally, CM Wealth Advisors LLC purchased a new position in shares of L.B. Foster in the 1st quarter valued at about $1,028,000. Institutional investors own 75.53% of the company’s stock.
About L.B. Foster
L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects worldwide. The company's Rail, Technologies, 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 and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories.
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