Analysts expect that Forterra plc (NASDAQ:FRTA) will report sales of $306.25 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Forterra’s earnings. The highest sales estimate is $314.50 million and the lowest is $298.00 million. Forterra posted sales of $338.30 million during the same quarter last year, which indicates a negative year over year growth rate of 9.5%. The company is scheduled to announce its next earnings results on Monday, May 21st.
On average, analysts expect that Forterra will report full year sales of $1.57 billion for the current year, with estimates ranging from $1.57 billion to $1.59 billion. For the next year, analysts expect that the firm will post sales of $1.63 billion per share, with estimates ranging from $1.61 billion to $1.65 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Forterra.
Forterra (NASDAQ:FRTA) last issued its quarterly earnings data on Wednesday, March 7th. The construction company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.05). The company had revenue of $361.17 million for the quarter, compared to analyst estimates of $327.91 million. Forterra had a negative return on equity of 44.06% and a negative net margin of 0.13%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.81) earnings per share.
Several hedge funds and other institutional investors have recently made changes to their positions in FRTA. Bank of Montreal Can grew its stake in shares of Forterra by 379.5% during the 4th quarter. Bank of Montreal Can now owns 9,590 shares of the construction company’s stock valued at $107,000 after buying an additional 7,590 shares during the period. Rehmann Capital Advisory Group purchased a new stake in shares of Forterra during the 4th quarter valued at $124,000. Two Sigma Investments LP purchased a new stake in shares of Forterra during the 4th quarter valued at $139,000. Ellington Management Group LLC purchased a new stake in shares of Forterra during the 4th quarter valued at $161,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Forterra by 672.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 16,393 shares of the construction company’s stock valued at $182,000 after buying an additional 14,272 shares during the period.
FRTA stock traded up $0.31 during midday trading on Monday, hitting $8.62. The stock had a trading volume of 239,769 shares, compared to its average volume of 547,904. The stock has a market capitalization of $533.76, a P/E ratio of -10.91 and a beta of 0.67. The company has a debt-to-equity ratio of 9.54, a quick ratio of 1.41 and a current ratio of 2.39. Forterra has a 12-month low of $3.02 and a 12-month high of $20.47.
COPYRIGHT VIOLATION NOTICE: “Forterra plc (FRTA) Expected to Post Quarterly Sales of $306.25 Million” was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.chaffeybreeze.com/2018/04/16/forterra-plc-frta-expected-to-post-quarterly-sales-of-306-25-million.html.
Forterra Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Forterra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forterra and related companies with MarketBeat.com's FREE daily email newsletter.