Forterra (LON:FORT) Releases Quarterly Earnings Results

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

Forterra Trading Up 0.1 %

Shares of LON:FORT opened at GBX 160.80 ($2.08) on Friday. The company has a market cap of £330.25 million, a P/E ratio of 41.92, a P/E/G ratio of 0.30 and a beta of 1.25. The stock’s 50-day moving average is GBX 158.87 and its 200-day moving average is GBX 170.88. Forterra has a 52-week low of GBX 146.40 ($1.90) and a 52-week high of GBX 200.50 ($2.60). The company has a debt-to-equity ratio of 59.58, a quick ratio of 0.82 and a current ratio of 1.79.

Wall Street Analysts Forecast Growth

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

Forterra Company Profile

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.