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NASDAQ:FRTAForterra Stock Price, Forecast & News

$8.61
-0.04 (-0.46 %)
(As of 05/25/2020 03:28 PM ET)
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Today's Range
$8.19
Now: $8.61
$8.72
50-Day Range
$5.13
MA: $7.20
$8.67
52-Week Range
$3.45
Now: $8.61
$19.00
Volume322,302 shs
Average Volume475,744 shs
Market Capitalization$560.60 million
P/E Ratio172.20
Dividend YieldN/A
Beta2.61
Forterra, Inc. manufactures and sells pipe and precast products the United States, Canada, and Mexico. It operates through Drainage Pipe & Products; and Water Pipe & Products segments. It offers concrete drainage pipes used for storm water applications, residential and non-residential site developments, sanitary sewers, low-pressure sewer force mains, tunneled systems, treatment plant piping, and utility tunnels. It also provides box culverts, utility vaults, manholes, drainage inlets, and pipe end sections used for roadway and airport drainage, storm water management, utility construction, and water treatment and filtration systems; and architectural panels for buildings, modular railroad crossings, retaining wall and storm water treatment systems, highway noise barriers, and concrete vaults that are used to house dry and wet utilities. In addition, it offers hollow-core planks, prestressed bridge girders, beams, columns, wall panels, stairs, garage floors, and architectural claddings for infrastructure and non-residential applications; and precast concrete bridge girders for highway projects. Further, it provides precast concrete foundation to support prefabricated shelters or equipment buildings; Duct Bank, a precast product that consolidates and protects underground cables; and storm water technologies for storm water management market. Additionally, it offers ductile iron pipes for transmission and distribution of potable and waste water, and smaller diameter applications; concrete pressure pipes for water transmission and distribution, power plant cooling water lines, sewage force mains for waste and storm water, and other various applications; and prestressed concrete and bar-wrapped concrete pipes. It serves construction contractors, developers, utility companies and contractors, municipalities, and waterworks distributors and contractors through distributors, as well as directly. Forterra, Inc. was founded in 2016 and is headquartered in Irving, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.34 out of 5 stars


Industry, Sector and Symbol

Industry Concrete products, not elsewhere classified
Sub-IndustryN/A
SectorConstruction
Current SymbolNASDAQ:FRTA
CUSIPN/A
Phone469-458-7973

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.53 billion
Cash Flow$1.53 per share
Book Value$1.87 per share

Profitability

Net Income$-7,330,000.00

Miscellaneous

Employees4,578
Market Cap$560.60 million
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Forterra (NASDAQ:FRTA) Frequently Asked Questions

How has Forterra's stock been impacted by COVID-19 (Coronavirus)?

Forterra's stock was trading at $8.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FRTA shares have decreased by 1.0% and is now trading at $8.61. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Forterra?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forterra in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Forterra.

When is Forterra's next earnings date?

Forterra is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Forterra.

How were Forterra's earnings last quarter?

Forterra Inc (NASDAQ:FRTA) posted its earnings results on Wednesday, April, 29th. The construction company reported ($0.22) EPS for the quarter, beating analysts' consensus estimates of ($0.23) by $0.01. The construction company had revenue of $330.88 million for the quarter, compared to analysts' expectations of $311 million. Forterra had a return on equity of 3.87% and a net margin of 0.23%. View Forterra's earnings history.

What price target have analysts set for FRTA?

4 brokers have issued 12 month price objectives for Forterra's stock. Their forecasts range from $7.00 to $16.00. On average, they anticipate Forterra's stock price to reach $10.75 in the next twelve months. This suggests a possible upside of 24.9% from the stock's current price. View analysts' price targets for Forterra.

Has Forterra been receiving favorable news coverage?

News coverage about FRTA stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Forterra earned a daily sentiment score of 1.5 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 news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutForterra.

Are investors shorting Forterra?

Forterra saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,900,000 shares, an increase of 5.8% from the April 30th total of 2,740,000 shares. Based on an average trading volume of 533,600 shares, the days-to-cover ratio is currently 5.4 days. Approximately 15.6% of the shares of the stock are sold short. View Forterra's Current Options Chain.

Who are some of Forterra's key competitors?

What other stocks do shareholders of Forterra own?

Who are Forterra's key executives?

Forterra's management team includes the following people:
  • Mr. Jeffrey K. Bradley, Pres, CEO & Director (Age 59)
  • Ms. Lori M. Browne, Exec. VP, Gen. Counsel & Sec. (Age 44)
  • Mr. Charlie L. Ward, Sr. VP and Gen. Mang. of Bricks (Age 57)
  • Mr. Charles R. Brown II, Exec. VP & CFO (Age 55)
  • Mr. William Kerfin, Pres of Water Pipe & Products (Age 51)

When did Forterra IPO?

(FRTA) raised $368 million in an initial public offering (IPO) on Thursday, October 20th 2016. The company issued 18,400,000 shares at $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.

What is Forterra's stock symbol?

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

Who are Forterra's major shareholders?

Forterra's stock is owned by a variety of retail and institutional investors. Top institutional investors include Paradigm Capital Management Inc. NY (2.40%), BlackRock Inc. (2.33%), Victory Capital Management Inc. (1.78%), Victory Capital Management Inc. (1.78%), Brigade Capital Management LP (1.52%) and Geode Capital Management LLC (0.90%). 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.

Which institutional investors are selling Forterra stock?

FRTA stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Brigade Capital Management LP, Paradigm Capital Management Inc. NY, Nuveen Asset Management LLC, Federated Hermes Inc., Atom Investors LP, Engineers Gate Manager LP, and Two Sigma Investments LP. View insider buying and selling activity for Forterra.

Which institutional investors are buying Forterra stock?

FRTA stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Wellington Management Group LLP, Two Sigma Advisers LP, Invesco Ltd., 361 Capital LLC, Los Angeles Capital Management & Equity Research Inc., and ClariVest Asset Management LLC. 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 activity for Forterra.

How do I buy shares of 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.

What is Forterra's stock price today?

One share of FRTA stock can currently be purchased for approximately $8.61.

How big of a company is Forterra?

Forterra has a market capitalization of $560.60 million and generates $1.53 billion in revenue each year. The construction company earns $-7,330,000.00 in net income (profit) each year or ($0.09) on an earnings per share basis. Forterra employs 4,578 workers across the globe.

What is Forterra's official website?

The official website for Forterra is www.forterrabp.com.

How can I contact Forterra?

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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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