News stories about Forterra (NASDAQ:FRTA) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Forterra earned a news impact score of 0.18 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 44.7527609854036 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts have recently commented on FRTA shares. SunTrust Banks set a $7.00 price objective on shares of Forterra and gave the stock a “hold” rating in a research report on Wednesday, March 7th. BidaskClub raised shares of Forterra from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th. Zacks Investment Research downgraded shares of Forterra from a “hold” rating to a “sell” rating in a research report on Monday, March 19th. ValuEngine downgraded shares of Forterra from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Finally, Oppenheimer set a $13.00 price objective on shares of Forterra and gave the stock a “buy” rating in a research report on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $10.19.
Shares of Forterra traded up $0.35, reaching $9.90, during trading hours on Tuesday, according to MarketBeat Ratings. The stock had a trading volume of 302,739 shares, compared to its average volume of 465,702. Forterra has a 12 month low of $3.02 and a 12 month high of $12.30. The company has a quick ratio of 1.24, a current ratio of 2.42 and a debt-to-equity ratio of 11.17. The stock has a market cap of $644.17 million, a P/E ratio of -12.53 and a beta of 1.05.
Forterra (NASDAQ:FRTA) last issued its earnings results on Tuesday, May 8th. The construction company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.10. Forterra had a negative return on equity of 47.37% and a net margin of 0.04%. The company had revenue of $289.96 million for the quarter, compared to analysts’ expectations of $310.89 million. During the same period last year, the business earned ($0.35) EPS. Forterra’s quarterly revenue was down 14.3% compared to the same quarter last year. analysts expect that Forterra will post -0.19 EPS for the current year.
Forterra Company Profile
Forterra, Inc manufactures and sells water and drainage pipe and products in the United States and Eastern Canada. It also manufactures structural and specialty precast products, and precast concrete bridge girders; and pressure, prestressed concrete, and bar-wrapped concrete pipes. The company serves water-related infrastructure applications, including water transmission, distribution, and drainage; and contractors, distributors, municipalities, and utilities waterworks.
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