Q4 EPS Estimates for L.B. Foster Lifted by Singular Research

L.B. Foster (NASDAQ:FSTR) – Singular Research boosted their Q4 2024 earnings per share (EPS) estimates for L.B. Foster in a report issued on Thursday, November 14th. Singular Research analyst C. Sakai now expects that the basic materials company will post earnings per share of $0.45 for the quarter, up from their prior estimate of $0.43. Singular Research has a “Strong-Buy” rating on the stock. The consensus estimate for L.B. Foster’s current full-year earnings is $1.21 per share. Singular Research also issued estimates for L.B. Foster’s Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.34 EPS, Q3 2025 earnings at $0.51 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.56 EPS.

Several other analysts have also recently weighed in on FSTR. 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. B. Riley increased their price objective on L.B. Foster from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th.

L.B. Foster Trading Up 11.4 %

Shares of FSTR opened at $26.49 on Monday. L.B. Foster has a 12-month low of $14.23 and a 12-month high of $30.77. The firm has a market capitalization of $286.89 million, a P/E ratio of 6.81 and a beta of 0.83. The firm has a 50-day moving average price of $20.25 and a 200 day moving average price of $22.04. The company has a current ratio of 2.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On L.B. Foster

A number of institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its holdings in L.B. Foster by 760.1% in the 1st quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,581 shares during the last quarter. MetLife Investment Management LLC boosted 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, De Lisle Partners LLP grew its stake in shares of L.B. Foster by 11.9% in the third quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock valued at $961,000 after buying an additional 5,000 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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.