Equities analysts expect that Forterra Inc (NASDAQ:FRTA) will post sales of $369.08 million for the current quarter, according to Zacks. Three analysts have issued estimates for Forterra’s earnings, with the highest sales estimate coming in at $379.10 million and the lowest estimate coming in at $363.13 million. Forterra posted sales of $361.17 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 6th.
On average, analysts expect that Forterra will report full year sales of $1.51 billion for the current year, with estimates ranging from $1.50 billion to $1.52 billion. For the next year, analysts anticipate that the business will post sales of $1.56 billion, with estimates ranging from $1.54 billion to $1.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Forterra.
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Several equities research analysts recently weighed in on FRTA shares. Oppenheimer set a $13.00 target price on Forterra and gave the stock a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research lowered Forterra from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Barclays set a $9.00 target price on Forterra and gave the stock a “hold” rating in a report on Wednesday, November 7th. Deutsche Bank reduced their target price on Forterra to $5.00 and set a “hold” rating for the company in a report on Sunday, November 25th. Finally, Exane BNP Paribas upgraded Forterra from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $7.63.
FRTA opened at $4.87 on Friday. Forterra has a twelve month low of $3.25 and a twelve month high of $10.47. The company has a debt-to-equity ratio of 10.83, a current ratio of 2.22 and a quick ratio of 1.24. The company has a market capitalization of $312.70 million, a P/E ratio of -6.16 and a beta of 2.84.
Institutional investors and hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. increased its position in Forterra by 22.6% in the 4th quarter. D.A. Davidson & CO. now owns 19,000 shares of the construction company’s stock worth $71,000 after buying an additional 3,500 shares during the period. Rhumbline Advisers increased its position in Forterra by 45.7% in the 4th quarter. Rhumbline Advisers now owns 24,417 shares of the construction company’s stock worth $92,000 after buying an additional 7,660 shares during the period. Fox Run Management L.L.C. bought a new position in Forterra in the 3rd quarter worth approximately $145,000. First Mercantile Trust Co. increased its position in Forterra by 19.4% in the 4th quarter. First Mercantile Trust Co. now owns 38,849 shares of the construction company’s stock worth $146,000 after buying an additional 6,318 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in Forterra by 350.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 45,000 shares of the construction company’s stock worth $203,000 after buying an additional 35,000 shares during the period.
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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