L.B. Foster Company Declares Quarterly Dividend of $0.03 (FSTR)
L.B. Foster Company (NASDAQ:FSTR) announced a quarterly dividend on Friday, August 1st, AnalystRatings.Net reports. Shareholders of record on Friday, September 5th will be paid a dividend of 0.03 per share on Friday, September 19th. This represents a $0.12 annualized dividend and a dividend yield of 0.26%.
A number of research firms have recently commented on FSTR. Analysts at DA Davidson reiterated a “buy” rating on shares of L.B. Foster Company in a research note on Friday, June 13th. They now have a $60.00 price target on the stock, up previously from $55.00. On a related note, analysts at Davidson raised their price target on shares of L.B. Foster Company from $55.00 to $60.00 in a research note on Friday, June 13th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of L.B. Foster Company in a research note on Tuesday, June 10th. They now have a $57.00 price target on the stock.
L.B. Foster Company (NASDAQ:FSTR) traded up 0.54% during mid-day trading on Friday, hitting $46.90. The stock had a trading volume of 76,893 shares. L.B. Foster Company has a one year low of $39.14 and a one year high of $56.72. The stock has a 50-day moving average of $52.05 and a 200-day moving average of $48.08. The company has a market cap of $484.9 million and a P/E ratio of 17.14.
L.B. Foster Company (NASDAQ:FSTR) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.35 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.18. The company had revenue of $111.40 million for the quarter, compared to the consensus estimate of $123.90 million. During the same quarter last year, the company posted $0.48 earnings per share. L.B. Foster Company’s revenue was down 13.8% compared to the same quarter last year. On average, analysts predict that L.B. Foster Company will post $2.91 earnings per share for the current fiscal year.
L. B. Foster Company is engaged in the manufacture, fabrication and distribution of rail, construction and tubular products.
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