Equities research analysts forecast that Forterra Inc (NASDAQ:FRTA) will report earnings of ($0.31) per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Forterra’s earnings. The lowest EPS estimate is ($0.38) and the highest is ($0.24). Forterra reported earnings of ($0.28) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.7%. The company is expected to report its next quarterly earnings report on Wednesday, March 6th.
On average, analysts expect that Forterra will report full-year earnings of ($0.34) per share for the current year, with EPS estimates ranging from ($0.36) to ($0.32). For the next year, analysts expect that the business will post earnings of ($0.02) per share, with EPS estimates ranging from ($0.14) to $0.05. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Forterra.
Forterra (NASDAQ:FRTA) last issued its quarterly earnings data on Tuesday, November 6th. The construction company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). Forterra had a negative return on equity of 23.03% and a net margin of 2.38%. The firm had revenue of $434.51 million during the quarter, compared to the consensus estimate of $449.72 million. During the same period in the previous year, the company posted ($0.18) earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis.
A number of equities research analysts have issued reports on the stock. Deutsche Bank reduced their price objective on shares of Forterra to $5.00 and set a “hold” rating for the company in a research report on Sunday, November 25th. Barclays set a $9.00 price objective on shares of Forterra and gave the stock a “hold” rating in a research report on Wednesday, November 7th. Zacks Investment Research downgraded shares of Forterra from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Oppenheimer set a $13.00 target price on shares of Forterra and gave the company a “buy” rating in a research report on Tuesday, November 6th. Finally, BidaskClub downgraded shares of Forterra from a “sell” rating to a “strong sell” rating in a research report on Friday, September 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.46.
Shares of FRTA stock opened at $4.96 on Friday. Forterra has a 52-week low of $4.19 and a 52-week high of $12.30. The company has a quick ratio of 1.24, a current ratio of 2.22 and a debt-to-equity ratio of 10.83. The stock has a market capitalization of $314.59 million, a price-to-earnings ratio of -6.28 and a beta of 2.47.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Forterra by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,331,578 shares of the construction company’s stock valued at $9,933,000 after acquiring an additional 24,174 shares during the period. Putnam Investments LLC bought a new position in shares of Forterra during the 3rd quarter valued at approximately $1,084,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Forterra during the 3rd quarter valued at approximately $555,000. Royce & Associates LP grew its position in shares of Forterra by 9.4% during the 3rd quarter. Royce & Associates LP now owns 1,907,375 shares of the construction company’s stock valued at $14,229,000 after acquiring an additional 164,260 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Forterra during the 3rd quarter valued at approximately $294,000.
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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