NASDAQ:FRTA - Forterra Stock Price, Forecast & News

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

Forterra Inc (NASDAQ:FRTA) issued its quarterly earnings results on Monday, November, 4th. The construction company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters' 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 firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 EPS. 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 brokers have issued 12 month price objectives for Forterra's stock. Their forecasts range from $5.50 to $10.00. On average, they expect Forterra's stock price to reach $7.38 in the next year. This suggests that the stock has a possible downside of 30.2%. 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.

Media stories about FRTA stock have been trending extremely negative recently, according to InfoTrie. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Forterra earned a media sentiment score of -5.0 on InfoTrie's scale. They also gave news coverage about the construction company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Forterra.

Forterra saw a decrease in short interest in November. As of November 15th, there was short interest totalling 3,950,000 shares, a decrease of 5.0% from the October 31st total of 4,160,000 shares. Based on an average trading volume of 254,700 shares, the days-to-cover ratio is presently 15.5 days. Currently, 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), AAON (AAON), Summit Materials (SUM), 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) and BALFOUR BEATTY/S (BAFYY).

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 (IPO) 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 acted as the underwriters for the IPO and Oppenheimer, Stephens and SunTrust Robinson Humphrey were co-managers.

Forterra's stock is owned by many different of institutional and retail investors. Top institutional shareholders 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 purchased 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 $10.57.

Forterra has a market capitalization of $682.42 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]