NASDAQ:FRTA - Forterra Stock Price, Forecast & News

Forterra trades on the NASDAQ under the ticker symbol "FRTA."

Forterra Inc (NASDAQ:FRTA) posted its earnings results on Monday, November, 4th. The construction company reported $0.35 EPS for the quarter, topping the Zacks' consensus estimate of $0.12 by $0.23. The construction company had revenue of $464.50 million for the quarter, compared to analysts' expectations of $439.68 million. Forterra had a negative return on equity of 15.65% and a negative net margin of 1.10%. The business's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. View Forterra's Earnings History.

Forterra is scheduled to release their next quarterly earnings announcement on Monday, March 9th 2020. View Earnings Estimates for Forterra.

6 equities research analysts have issued 1-year price targets for Forterra's stock. Their forecasts range from $5.50 to $10.00. On average, they anticipate Forterra's share price to reach $7.38 in the next twelve months. This suggests that the stock has a possible downside of 27.3%. View Analyst Price Targets for Forterra.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forterra in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Forterra.

News articles about FRTA stock have been trending negative on Thursday, InfoTrie Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Forterra earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the construction company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Forterra.

Forterra saw a drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,950,000 shares, a drop of 5.0% from the October 31st total of 4,160,000 shares. Based on an average daily trading volume, of 254,700 shares, the days-to-cover ratio is currently 15.5 days. Approximately 21.7% of the company's shares are sold short. View Forterra's Current Options Chain.

Some companies that are related to Forterra include Advanced Drainage Systems (WMS), Meritage Homes (MTH), ABM Industries (ABM), M.D.C. (MDC), Taylor Morrison Home (TMHC), Jeld-Wen (JELD), Altair Engineering (ALTR), Fluor Co. (NEW) (FLR), TRI Pointe Group (TPH), Grafton Group (GROUF), Norbord (OSB), Installed Building Products (IBP), BALFOUR BEATTY/S (BAFYY), Apergy (APY) and Arcosa (ACA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Forterra investors own include Intelsat (I), Babcock & Wilcox Enterprises (BW), Cleveland-Cliffs (CLF), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), Ciena (CIEN), First Data (FDC), Associated British Foods (ABF) and Chaarat Gold (CGH).

(FRTA) raised $368 million in an initial public offering on Thursday, October 20th 2016. The company issued 18,400,000 shares at a price of $19.00-$21.00 per share. Goldman Sachs, Citigroup, Credit Suisse, Barclays, Deutsche Bank Securities and RBC Capital Markets served as the underwriters for the IPO and Oppenheimer, Stephens and SunTrust Robinson Humphrey were co-managers.

Forterra's stock is owned by a number of of retail and institutional investors. Top institutional investors include Water Asset Management LLC (0.57%), State Street Corp (0.48%), California Public Employees Retirement System (0.12%), Commonwealth Equity Services LLC (0.12%), Millennium Management LLC (0.07%) and Tokio Marine Asset Management Co. Ltd. (0.06%). Company insiders that own Forterra stock include Charles Rodney Brown, Clinton D Mcdonnough, Jeff Bradley, Karl Watson, Lori M Browne and Vikrant Bhatia. View Institutional Ownership Trends for Forterra.

FRTA stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Water Asset Management LLC, Valeo Financial Advisors LLC and Commonwealth Equity Services LLC. View Insider Buying and Selling for Forterra.

FRTA stock was bought by a variety of institutional investors in the last quarter, including Tokio Marine Asset Management Co. Ltd., Squarepoint Ops LLC, California Public Employees Retirement System, Barclays PLC, State Street Corp and Tower Research Capital LLC TRC. Company insiders that have bought Forterra stock in the last two years include Charles Rodney Brown, Clinton D Mcdonnough, Jeff Bradley, Karl Watson, Lori M Browne and Vikrant Bhatia. View Insider Buying and Selling for Forterra.

Shares of FRTA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of FRTA stock can currently be purchased for approximately $10.15.

Forterra has a market capitalization of $655.28 million and generates $1.48 billion in revenue each year. The construction company earns $-24,360,000.00 in net income (profit) each year or ($0.44) on an earnings per share basis. Forterra employs 4,672 workers across the globe.View Additional Information About Forterra.

The official website for Forterra is http://www.forterrabp.com/.

Forterra's mailing address is 511 E. JOHN CARPENTER FREEWAY 6TH FLOOR, IRVING TX, 75062. The construction company can be reached via phone at 469-458-7973 or via email at [email protected]