Forterra (LON:FORT) Posts Quarterly Earnings Results

Forterra (LON:FORT) issued 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 net margin of 2.46% and a return on equity of 3.76%.

Forterra Stock Up 0.7 %

LON:FORT traded up GBX 1.20 ($0.02) during mid-day trading on Friday, hitting GBX 161.80 ($2.10). The stock had a trading volume of 757,943 shares, compared to its average volume of 1,079,184. The stock has a 50-day simple moving average of GBX 158.87 and a two-hundred day simple moving average of GBX 170.88. The company has a market capitalization of £332.31 million, a PE ratio of 42.18, a PEG ratio of 0.30 and a beta of 1.25. Forterra has a twelve month low of GBX 146.40 ($1.90) and a twelve month high of GBX 200.50 ($2.60). The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased 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 report on Thursday, February 20th. Berenberg Bank reissued a “hold” rating and set a GBX 170 ($2.20) price target on shares of Forterra in a research report on Wednesday. Finally, Royal Bank of Canada increased their price target on shares of Forterra from GBX 210 ($2.72) to GBX 220 ($2.85) and gave the stock an “outperform” rating in a research report on Thursday.

About Forterra

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.