Equities analysts expect Forterra Inc (NASDAQ:FRTA) to announce earnings of $0.06 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Forterra’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.00. Forterra posted earnings of $0.11 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 45.5%. The business is scheduled to announce its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that Forterra will report full-year earnings of ($0.41) per share for the current fiscal year, with EPS estimates ranging from ($0.41) to ($0.40). For the next fiscal year, analysts forecast that the business will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.02) to $0.01. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Forterra.

Forterra (NASDAQ:FRTA) last announced its earnings results on Monday, May 6th. The construction company reported ($0.39) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $0.15. Forterra had a negative net margin of 1.99% and a negative return on equity of 26.15%. The business had revenue of $291.90 million during the quarter, compared to analysts’ expectations of $275.84 million. During the same period in the prior year, the company earned ($0.31) earnings per share. The firm’s revenue was up .7% on a year-over-year basis.

A number of analysts have commented on the stock. BidaskClub raised shares of Forterra from a “hold” rating to a “buy” rating in a report on Thursday. Barclays set a $6.00 target price on shares of Forterra and gave the company a “hold” rating in a report on Wednesday, May 8th. Exane BNP Paribas raised shares of Forterra from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 23rd. Zacks Investment Research cut shares of Forterra from a “buy” rating to a “hold” rating in a report on Monday, March 25th. Finally, Citigroup upped their target price on shares of Forterra from $4.50 to $5.50 and gave the company a “neutral” rating in a report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.85.

Shares of FRTA stock opened at $5.75 on Friday. Forterra has a 12 month low of $3.25 and a 12 month high of $10.47. The company has a market cap of $369.72 million, a price-to-earnings ratio of -13.07 and a beta of 2.78. The company has a debt-to-equity ratio of 15.85, a current ratio of 2.57 and a quick ratio of 1.17.

In other news, CFO Charles Rodney Brown purchased 36,745 shares of the company’s stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of $4.16 per share, for a total transaction of $152,859.20. Following the completion of the transaction, the chief financial officer now directly owns 57,762 shares in the company, valued at approximately $240,289.92. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeff Bradley purchased 40,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was purchased at an average price of $3.80 per share, with a total value of $152,000.00. Following the completion of the transaction, the chief executive officer now owns 195,184 shares of the company’s stock, valued at $741,699.20. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 82,863 shares of company stock valued at $331,656. Company insiders own 0.84% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Paradigm Capital Management Inc. NY boosted its position in shares of Forterra by 225.8% during the first quarter. Paradigm Capital Management Inc. NY now owns 101,000 shares of the construction company’s stock worth $426,000 after acquiring an additional 70,000 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Forterra during the first quarter worth $155,000. BlackRock Inc. boosted its position in shares of Forterra by 3.9% during the first quarter. BlackRock Inc. now owns 1,418,746 shares of the construction company’s stock worth $5,986,000 after acquiring an additional 53,216 shares during the last quarter. Royce & Associates LP boosted its position in shares of Forterra by 4.1% during the first quarter. Royce & Associates LP now owns 2,293,718 shares of the construction company’s stock worth $9,679,000 after acquiring an additional 91,351 shares during the last quarter. Finally, Spark Investment Management LLC raised its stake in Forterra by 41.1% during the first quarter. Spark Investment Management LLC now owns 113,700 shares of the construction company’s stock valued at $479,000 after purchasing an additional 33,100 shares in the last quarter. Hedge funds and other institutional investors own 98.30% of the company’s stock.

Forterra Company Profile

Forterra, Inc manufactures and sells pipe and precast products the United States, Canada, and Mexico. It operates through Drainage Pipe & Products; and Water Pipe & Products segments. It offers concrete drainage pipes used for storm water applications, residential and non-residential site developments, sanitary sewers, low-pressure sewer force mains, tunneled systems, treatment plant piping, and utility tunnels.

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