Forterra (LON:FORT) Announces Earnings Results

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

Forterra Price Performance

LON:FORT traded down GBX 0.60 ($0.01) during trading hours on Friday, hitting GBX 160 ($2.07). 684,682 shares of the stock traded hands, compared to its average volume of 1,077,775. The company has a market cap of £328.61 million, a price-to-earnings ratio of 41.71, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The stock has a 50 day moving average price of GBX 158.78 and a 200 day moving average price of GBX 170.72. Forterra has a 1 year low of GBX 146.40 ($1.89) and a 1 year high of GBX 200.50 ($2.59). The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FORT. Royal Bank of Canada upped their price objective on Forterra from GBX 210 ($2.71) to GBX 220 ($2.84) and gave the company an "outperform" rating in a research report on Thursday. 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, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Forterra from GBX 260 ($3.36) to GBX 320 ($4.14) and gave the stock a "buy" rating in a report on Thursday, February 20th.

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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.