Forterra Inc (NASDAQ:FRTA) – Research analysts at Oppenheimer increased their FY2019 earnings estimates for shares of Forterra in a report released on Tuesday, November 6th. Oppenheimer analyst I. Zaffino now anticipates that the construction company will post earnings per share of $0.04 for the year, up from their previous forecast of $0.02. Oppenheimer has a “Buy” rating and a $13.00 price objective on the stock.
Forterra (NASDAQ:FRTA) last issued its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Forterra had a negative return on equity of 23.36% and a net margin of 2.38%. The company had revenue of $434.51 million for the quarter, compared to the consensus estimate of $449.72 million. During the same period in the previous year, the business posted ($0.18) EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis.
Shares of FRTA stock opened at $6.24 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.14 and a debt-to-equity ratio of 11.59. Forterra has a one year low of $4.39 and a one year high of $12.30. The stock has a market cap of $386.25 million, a PE ratio of -7.90 and a beta of 2.43.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FRTA. Janney Montgomery Scott LLC acquired a new position in shares of Forterra during the third quarter valued at approximately $249,000. Valeo Financial Advisors LLC increased its stake in shares of Forterra by 350.0% during the third quarter. Valeo Financial Advisors LLC now owns 45,000 shares of the construction company’s stock valued at $203,000 after acquiring an additional 35,000 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Forterra during the third quarter valued at approximately $145,000. Northern Trust Corp increased its stake in shares of Forterra by 4.2% during the second quarter. Northern Trust Corp now owns 188,157 shares of the construction company’s stock valued at $1,831,000 after acquiring an additional 7,592 shares during the period. Finally, Intrinsic Edge Capital Management LLC acquired a new position in shares of Forterra during the second quarter valued at approximately $487,000.
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.
Featured Article: Average Daily Trade Volume Explained
Receive News & Ratings for Forterra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forterra and related companies with MarketBeat.com's FREE daily email newsletter.