Forterra Inc (NASDAQ:FRTA) – Equities research analysts at SunTrust Banks issued their FY2017 earnings per share estimates for Forterra in a research note issued on Tuesday. SunTrust Banks analyst R. Seth forecasts that the construction company will post earnings per share of $0.10 for the year. SunTrust Banks currently has a “Hold” rating and a $7.00 target price on the stock. SunTrust Banks also issued estimates for Forterra’s Q4 2017 earnings at ($0.24) EPS, Q1 2018 earnings at ($0.28) EPS, Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at ($0.15) EPS, FY2018 earnings at ($0.03) EPS and FY2019 earnings at $0.20 EPS.
Forterra (NASDAQ:FRTA) last posted its earnings results on Wednesday, March 7th. The construction company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.05). The business had revenue of $361.17 million during the quarter, compared to the consensus estimate of $327.91 million. Forterra had a negative net margin of 0.13% and a negative return on equity of 44.06%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.81) EPS.
Shares of Forterra (NASDAQ FRTA) opened at $8.75 on Friday. The firm has a market cap of $539.54, a PE ratio of -218.75 and a beta of 1.87. Forterra has a 52 week low of $3.02 and a 52 week high of $20.47. The company has a debt-to-equity ratio of 9.54, a current ratio of 2.39 and a quick ratio of 1.43.
A number of large investors have recently added to or reduced their stakes in FRTA. Alliancebernstein L.P. acquired a new position in Forterra in the second quarter valued at about $331,000. Teachers Advisors LLC boosted its position in Forterra by 6.2% in the second quarter. Teachers Advisors LLC now owns 36,867 shares of the construction company’s stock valued at $303,000 after buying an additional 2,162 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Forterra by 6.8% in the second quarter. TIAA CREF Investment Management LLC now owns 47,555 shares of the construction company’s stock valued at $391,000 after buying an additional 3,012 shares in the last quarter. Northern Trust Corp boosted its position in Forterra by 6.7% in the second quarter. Northern Trust Corp now owns 215,838 shares of the construction company’s stock valued at $1,777,000 after buying an additional 13,575 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Forterra by 11.3% in the second quarter. Vanguard Group Inc. now owns 1,639,962 shares of the construction company’s stock valued at $13,497,000 after buying an additional 166,558 shares in the last quarter.
Forterra, Inc is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.
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