L.B. Foster Co (FSTR) Releases Earnings Results, Misses Expectations By $-0.30 EPS

L.B. Foster Co (FSTR) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $-0.11 earnings per share for the quarter, missing the analyst consensus estimate by $-0.30. Analysts had a consensus of $0.19. The company posted revenue of $135.99 million in the period, compared to analysts expectations of $152.65 million. The company’s revenue was down -20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

L.B. Foster Co opened for trading at $11.15 and hit $11.49 on the upside on Monday, eventually ending the session at $11.37, with a gain of 2.16% or 0.24 points. The heightened volatility saw the trading volume jump to 79,786 shares. Company has a market cap of $118 M.

Investors should note that on Jul 28, 2016, L.B. Foster Co announced a cash dividend of $0.0400. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 23, 2016.

In a different news, on Dec 15, 2015, John F Kasel (Sr. Vice President) purchased 3,500 shares at $11.61 per share price. According to the SEC, on Nov 23, 2015, Lee B Ii Foster (director) purchased 5,000 shares at $11.57 per share price. On Nov 16, 2015, Robert P Bauer (CEO) purchased 5,000 shares at $11.66 per share price, according to the Form-4 filing with the securities and exchange commission.

L.B. Foster Company (Foster) is a manufacturer fabricator and distributor of products and services for the rail construction energy and utility markets. The Company operates in three business segments. The Company’s Rail Products segment provides a range of new and used rail trackwork and accessories to railroads mines and industry. The Rail segment also designs and produces concrete railroad ties insulated rail joints power rail track fasteners coverboards and special accessories for mass transit and other rail systems. The Construction Products segment sells and rents steel sheet piling H-bearing pile and other piling products for foundation and earth retention requirements. The Tubular Products segment supplies pipe coatings for natural gas pipelines and utilities blending injection and metering equipment for the oil and gas market and produces threaded pipe products for industrial water well and irrigation markets.

L.B. Foster Co

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