Equities research analysts expect Forterra Inc (NASDAQ:FRTA) to post $464.52 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Forterra’s earnings, with estimates ranging from $454.00 million to $478.30 million. Forterra posted sales of $444.26 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.6%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Forterra will report full-year sales of $1.57 billion for the current financial year, with estimates ranging from $1.56 billion to $1.57 billion. For the next financial year, analysts forecast that the firm will post sales of $1.62 billion per share, with estimates ranging from $1.61 billion to $1.63 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Forterra.

Forterra (NASDAQ:FRTA) last announced its earnings results on Wednesday, August 8th. The construction company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.02. Forterra had a negative return on equity of 38.72% and a net margin of 1.24%. The business had revenue of $416.10 million during the quarter, compared to the consensus estimate of $421.81 million. Forterra’s revenue was down 4.7% on a year-over-year basis.

A number of analysts have issued reports on FRTA shares. BidaskClub raised Forterra from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. Deutsche Bank raised their target price on Forterra from $7.00 to $8.00 and gave the stock a “hold” rating in a research note on Monday, June 25th. Citigroup raised their target price on Forterra from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Thursday. ValuEngine downgraded Forterra from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, Zacks Investment Research downgraded Forterra from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.36.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in Forterra in the first quarter valued at about $100,000. Koch Industries Inc. bought a new position in shares of Forterra in the first quarter valued at approximately $114,000. Barclays PLC raised its stake in shares of Forterra by 415.1% in the first quarter. Barclays PLC now owns 15,252 shares of the construction company’s stock valued at $128,000 after acquiring an additional 12,291 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Forterra in the first quarter valued at approximately $133,000. Finally, Two Sigma Investments LP bought a new position in shares of Forterra in the fourth quarter valued at approximately $139,000.

NASDAQ FRTA traded down $0.10 during mid-day trading on Thursday, hitting $9.50. The stock had a trading volume of 243,427 shares, compared to its average volume of 231,588. Forterra has a twelve month low of $3.02 and a twelve month high of $12.30. The company has a debt-to-equity ratio of 11.17, a quick ratio of 1.24 and a current ratio of 2.42. The company has a market cap of $616.55 million, a P/E ratio of -12.03 and a beta of 0.64.

About Forterra

Forterra, Inc manufactures and sells water and drainage pipe and products in the United States and Eastern Canada. It also manufactures structural and specialty precast products, and precast concrete bridge girders; and pressure, prestressed concrete, and bar-wrapped concrete pipes. The company serves water-related infrastructure applications, including water transmission, distribution, and drainage; and contractors, distributors, municipalities, and utilities waterworks.

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