Forterra (NASDAQ:FRTA) announced its quarterly earnings data on Tuesday. The construction company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02), Morningstar.com reports. Forterra had a net margin of 1.24% and a negative return on equity of 37.94%. The firm had revenue of $434.51 million during the quarter, compared to analyst estimates of $449.72 million. During the same period last year, the business posted ($0.18) EPS. The company’s revenue was down 2.2% on a year-over-year basis.
Shares of NASDAQ:FRTA traded up $0.05 during mid-day trading on Wednesday, hitting $6.06. 2,336 shares of the company traded hands, compared to its average volume of 440,126. The stock has a market cap of $338.41 million, a price-to-earnings ratio of -7.63 and a beta of 2.43. The company has a quick ratio of 1.14, a current ratio of 2.15 and a debt-to-equity ratio of 11.59. Forterra has a 12-month low of $4.39 and a 12-month high of $12.30.
A number of equities research analysts have commented on FRTA shares. BidaskClub cut Forterra from a “sell” rating to a “strong sell” rating in a research note on Friday, September 28th. Barclays raised their price objective on Forterra from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, August 13th. Zacks Investment Research raised Forterra from a “sell” rating to a “hold” rating in a research report on Monday, August 27th. Citigroup lifted their target price on Forterra from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Thursday, August 9th. Finally, Oppenheimer set a $13.00 target price on Forterra and gave the company a “buy” rating in a research report on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Forterra currently has a consensus rating of “Hold” and a consensus target price of $10.47.
COPYRIGHT VIOLATION WARNING: “Forterra (FRTA) Issues Earnings Results” was first reported by Week Herald and is owned by of Week Herald. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://weekherald.com/2018/11/06/forterra-frta-issues-quarterly-earnings-results.html.
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.
See Also: What are the Benefits of Index Funds?
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.