Singular Research Forecasts L.B. Foster Q4 Earnings

L.B. Foster (NASDAQ:FSTR) – Analysts at Singular Research raised their Q4 2024 earnings estimates for L.B. Foster in a note issued to investors on Thursday, November 14th. Singular Research analyst C. Sakai now expects that the basic materials company will post earnings of $0.45 per share for the quarter, up from their previous forecast of $0.43. Singular Research currently 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.

FSTR has been the subject of a number of other reports. StockNews.com raised L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. B. Riley lifted their price target on shares of L.B. Foster from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th.

L.B. Foster Trading Up 11.4 %

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

Institutional Trading of L.B. Foster

A number of institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC raised its position in shares of L.B. Foster by 760.1% during the 1st quarter. Lazard Asset Management LLC now owns 1,789 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,581 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in L.B. Foster by 129.1% in the third quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 3,003 shares in the last quarter. Finally, De Lisle Partners LLP increased its stake in 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 purchasing an additional 5,000 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.