Forterra (LON:FORT) Posts Quarterly Earnings Results

Forterra (LON:FORT) posted its quarterly earnings results on Wednesday. The company reported GBX 7.60 ($0.10) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Forterra had a return on equity of 3.76% and a net margin of 2.46%.

Forterra Stock Performance

Shares of LON:FORT traded up GBX 0.60 ($0.01) during midday trading on Friday, hitting GBX 161.20 ($2.09). The company’s stock had a trading volume of 727,867 shares, compared to its average volume of 1,078,605. Forterra has a fifty-two week low of GBX 146.40 ($1.90) and a fifty-two week high of GBX 200.50 ($2.60). The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79. The stock has a market capitalization of £331.07 million, a price-to-earnings ratio of 42.03, a PEG ratio of 0.30 and a beta of 1.25. The stock’s 50 day simple moving average is GBX 158.87 and its 200 day simple moving average is GBX 170.88.

Wall Street Analyst Weigh In

Several equities analysts have commented on FORT shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Forterra from GBX 260 ($3.37) to GBX 320 ($4.15) and gave the stock a “buy” rating in a research note on Thursday, February 20th. Berenberg Bank reiterated a “hold” rating and issued a GBX 170 ($2.20) price objective on shares of Forterra in a research note on Wednesday. Finally, Royal Bank of Canada upped their price objective on Forterra from GBX 210 ($2.72) to GBX 220 ($2.85) and gave the company an “outperform” rating in a research note on Thursday.

Forterra Company Profile

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.