NASDAQ:FRTA - Forterra Stock Price, Forecast & News

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

Forterra Inc (NASDAQ:FRTA) released its quarterly earnings data on Monday, November, 4th. The construction company reported $0.35 earnings per share for the quarter, topping 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 the consensus estimate of $439.68 million. Forterra had a negative net margin of 1.10% and a negative return on equity of 15.65%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $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.

8 brokerages have issued 12 month target prices for Forterra's stock. Their forecasts range from $5.50 to $16.00. On average, they expect Forterra's share price to reach $10.58 in the next year. This suggests that the stock has a possible downside of 26.6%. View Analyst Price Targets for Forterra.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forterra in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Forterra.

Media coverage about FRTA stock has been trending negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Forterra earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned media headlines about the construction company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Forterra.

Forterra saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 3,310,000 shares, a decrease of 13.1% from the December 15th total of 3,810,000 shares. Based on an average daily trading volume, of 342,000 shares, the short-interest ratio is presently 9.7 days. Approximately 18.1% of the shares of the stock are short sold. View Forterra's Current Options Chain.

Some companies that are related to Forterra include IMI PLC/S (IMIAY), KB Home (KBH), Potlatchdeltic (PCH), Universal Forest Products (UFPI), Advanced Drainage Systems (WMS), Altair Engineering (ALTR), Fluor Co. (NEW) (FLR), AAON (AAON), Grafton Group (GROUF), ABM Industries (ABM), M.D.C. (MDC), Summit Materials (SUM), Jeld-Wen (JELD), Taylor Morrison Home (TMHC) and Meritage Homes (MTH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Forterra investors own include Intelsat (I), Cleveland-Cliffs (CLF), Babcock & Wilcox Enterprises (BW), Fossil Group (FOSL), Bank of America (BAC), Ultra Clean (UCTT), AMC Entertainment (AMC), Ciena (CIEN), Advanced Micro Devices (AMD) and Cypress Semiconductor (CY).

(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 a variety of of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.30%) and Comprehensive Portfolio Management LLC (0.02%). 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 bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A. and Comprehensive Portfolio 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 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 $14.41.

Forterra has a market capitalization of $932.62 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]