Forterra (LON:FORT) Releases Quarterly Earnings Results

Forterra (LON:FORT) released its 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 Down 0.1 %

Shares of LON:FORT opened at GBX 160.40 ($2.08) on Friday. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. The firm has a 50 day simple moving average of GBX 158.89 and a 200-day simple moving average of GBX 170.97. The company has a market capitalization of £329.43 million, a PE ratio of 41.82, a P/E/G 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).

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank of Canada lifted 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. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 170 ($2.20) price objective on shares of Forterra in a report on Wednesday.

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.