L.B. Foster Company (NASDAQ:FSTR) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 7th.
L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Thursday, August 3rd. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.32. The business had revenue of $144.86 million for the quarter. L.B. Foster had a negative net margin of 9.83% and a negative return on equity of 27.82%. On average, analysts expect L.B. Foster to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of L.B. Foster Company (NASDAQ FSTR) traded up 1.83% on Tuesday, reaching $25.05. 60,235 shares of the company traded hands. The stock’s 50 day moving average price is $23.27 and its 200-day moving average price is $19.62. The stock’s market capitalization is $259.07 million. L.B. Foster Company has a one year low of $9.25 and a one year high of $26.30.
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A number of large investors have recently added to or reduced their stakes in FSTR. State Street Corp boosted its holdings in L.B. Foster by 452.5% in the second quarter. State Street Corp now owns 92,197 shares of the basic materials company’s stock valued at $1,978,000 after acquiring an additional 75,509 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in L.B. Foster by 2,990.1% in the second quarter. The Manufacturers Life Insurance Company now owns 8,467 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 8,193 shares in the last quarter. Finally, California State Teachers Retirement System bought a new stake in L.B. Foster in the second quarter valued at $315,000. Institutional investors and hedge funds own 70.16% of the company’s stock.
About L.B. Foster
L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.
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