L.B. Foster Company Stock Upgraded (FSTR)
- FOSTER (LB) CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, FOSTER (LB) CO increased its bottom line by earning $1.98 versus $1.53 in the prior year. This year, the market expects an improvement in earnings ($2.29 versus $1.98).
- The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Machinery industry average. The net income increased by 49.5% when compared to the same quarter one year prior, rising from $6.51 million to $9.74 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 31.7%. Since the same quarter one year prior, revenues rose by 29.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
- FSTR's debt-to-equity ratio is very low at 0.01 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, FSTR has a quick ratio of 1.56, which demonstrates the ability of the company to cover short-term liquidity needs.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.