Revenue Update on L.B. Foster Co(NASDAQ:FSTR)

L.B. Foster Co(NASDAQ:FSTR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $135.99M. Analysts estimated a revenue of $152.65M. Earnings per share were $-0.11. Analysts had estimated an EPS of $0.19.

L.B. Foster Co (FSTR) made into the market gainers list on Wednesdays trading session with the shares advancing 3.10% or 0.34 points. Due to strong positive momentum, the stock ended at $11.32, which is also near the day’s high of $11.43. The stock began the session at $11 and the volume stood at 83,813 shares. The 52-week high of the shares is $20.77 and the 52 week low is $8.8. The company has a current market capitalization of $118 M and it has 1,03,83,765 shares in outstanding.

L.B. Foster Co has also declared a cash dividend of $0.0400 on Jul 28, 2016. The shares will quote ex-dividend on Sep 7, 2016 and the record date has been fixed on Sep 9, 2016. The dividend payable date has been fixed on Sep 23, 2016.

Several Insider Transactions has been reported to the SEC. On Dec 15, 2015, John F Kasel (Sr. Vice President) purchased 3,500 shares at $11.61 per share price.Also, 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.

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