Singular Research Raises Earnings Estimates for L.B. Foster

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

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

L.B. Foster Stock Down 2.5 %

FSTR opened at $25.84 on Monday. The stock has a market cap of $279.85 million, a P/E ratio of 6.64 and a beta of 0.83. The stock’s 50 day moving average price is $20.39 and its 200 day moving average price is $22.05. L.B. Foster has a 12 month low of $14.23 and a 12 month high of $30.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30.

Institutional Investors Weigh In On L.B. Foster

Large investors have recently added to or reduced their stakes in the stock. 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 worth $961,000 after acquiring an additional 5,000 shares during the last quarter. MetLife Investment Management LLC lifted its position in L.B. Foster by 129.1% during the 3rd 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 during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of 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 period. Institutional investors own 80.63% 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 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.