Forterra Inc (NASDAQ:FRTA) – Oppenheimer issued their Q2 2018 earnings per share estimates for Forterra in a research note issued on Wednesday. Oppenheimer analyst I. Zaffino expects that the construction company will post earnings of $0.14 per share for the quarter. Oppenheimer also issued estimates for Forterra’s Q3 2018 earnings at $0.28 EPS.
Forterra (NASDAQ:FRTA) last issued its earnings results on Wednesday, March 7th. The construction company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.05). Forterra had a negative return on equity of 44.06% and a negative net margin of 0.13%. The business had revenue of $361.17 million for the quarter, compared to the consensus estimate of $327.91 million. During the same quarter in the previous year, the company earned ($0.81) earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis.
Forterra (FRTA) opened at $8.75 on Monday. The company has a current ratio of 2.39, a quick ratio of 1.43 and a debt-to-equity ratio of 9.54. Forterra has a 1-year low of $3.02 and a 1-year high of $20.47. The stock has a market cap of $562.02, a PE ratio of -218.75 and a beta of 1.87.
Several large investors have recently added to or reduced their stakes in the company. Frontier Capital Management Co. LLC boosted its holdings in shares of Forterra by 53.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,337,684 shares of the construction company’s stock valued at $37,048,000 after buying an additional 1,157,027 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Forterra by 11.3% in the 2nd 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. Royce & Associates LP boosted its holdings in shares of Forterra by 227.9% in the 4th quarter. Royce & Associates LP now owns 1,239,700 shares of the construction company’s stock valued at $13,761,000 after buying an additional 861,650 shares in the last quarter. Electron Capital Partners LLC boosted its holdings in shares of Forterra by 97.1% in the 4th quarter. Electron Capital Partners LLC now owns 1,083,005 shares of the construction company’s stock valued at $12,021,000 after buying an additional 533,623 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Forterra by 10.0% in the 4th quarter. First Trust Advisors LP now owns 1,009,128 shares of the construction company’s stock valued at $11,201,000 after buying an additional 91,634 shares in the last quarter.
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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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