Forterra (LON:FORT) Issues Quarterly Earnings Results

Forterra (LON:FORT) issued its earnings results on Wednesday. The company reported GBX 7.60 ($0.10) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Forterra had a return on equity of 3.76% and a net margin of 2.46%.

Forterra Stock Up 0.1 %

Shares of LON FORT opened at GBX 160.80 ($2.08) on Friday. The firm’s 50-day moving average is GBX 158.87 and its two-hundred day moving average is GBX 170.88. The company has a market capitalization of £330.25 million, a PE ratio of 41.92, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. Forterra has a 12-month low of GBX 146.40 ($1.90) and a 12-month high of GBX 200.50 ($2.60). The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82.

Wall Street Analysts Forecast Growth

FORT has been the topic of a number of recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 170 ($2.20) price objective on shares of Forterra in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Forterra from GBX 260 ($3.37) to GBX 320 ($4.15) and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Royal Bank of Canada upped their price target on Forterra from GBX 210 ($2.72) to GBX 220 ($2.85) and gave the stock an “outperform” rating in a report on Thursday.

About Forterra

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.