Equities analysts predict that Forterra Inc (NASDAQ:FRTA) will announce $0.08 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Forterra’s earnings, with estimates ranging from $0.06 to $0.09. The company is scheduled to announce its next earnings results on Monday, August 21st.
According to Zacks, analysts expect that Forterra will report full-year earnings of $0.15 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.15. For the next year, analysts expect that the business will post earnings of $0.98 per share, with EPS estimates ranging from $0.77 to $1.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Forterra.
Forterra (NASDAQ:FRTA) last issued its quarterly earnings results on Monday, May 15th. The construction company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.24. The firm had revenue of $338.30 million during the quarter, compared to analysts’ expectations of $340.24 million.
Several research firms recently weighed in on FRTA. Zacks Investment Research downgraded Forterra from a “hold” rating to a “sell” rating in a research report on Thursday, June 1st. ValuEngine upgraded Forterra from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Barclays PLC reiterated an “overweight” rating and set a $18.00 target price (down from $23.00) on shares of Forterra in a research report on Wednesday, May 17th. Citigroup Inc. downgraded Forterra from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $17.00 in a research report on Tuesday, May 16th. Finally, SunTrust Banks, Inc. downgraded Forterra from a “buy” rating to a “hold” rating and set a $14.00 price objective on the stock. in a research report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.22.
Several large investors have recently bought and sold shares of FRTA. Manchester Capital Management LLC bought a new stake in shares of Forterra during the first quarter valued at $133,000. Peregrine Capital Management LLC boosted its stake in shares of Forterra by 7.4% in the first quarter. Peregrine Capital Management LLC now owns 1,080,484 shares of the construction company’s stock valued at $20,173,000 after buying an additional 74,293 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Forterra during the fourth quarter valued at $1,892,000. Teachers Advisors LLC bought a new stake in shares of Forterra during the fourth quarter valued at $656,000. Finally, Putnam Investments LLC bought a new stake in shares of Forterra during the fourth quarter valued at $12,177,000. Institutional investors own 99.76% of the company’s stock.
Shares of Forterra (NASDAQ:FRTA) traded up 2.09% during mid-day trading on Tuesday, reaching $6.36. The company had a trading volume of 224,637 shares. The firm has a 50 day moving average of $13.30 and a 200-day moving average of $17.77. Forterra has a one year low of $6.12 and a one year high of $22.76. The stock’s market capitalization is $407.92 million.
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