Forterra (LON:FORT) Announces Earnings Results

Forterra (LON:FORT) posted 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 net margin of 2.46% and a return on equity of 3.76%.

Forterra Price Performance

Shares of LON:FORT opened at GBX 162.40 ($2.11) on Thursday. The company’s fifty day moving average price is GBX 158.95 and its 200-day moving average price is GBX 171.08. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82. The firm has a market capitalization of £333.54 million, a price-to-earnings ratio of 42.34, a PEG ratio of 0.30 and a beta of 1.25. Forterra has a one year low of GBX 146.40 ($1.90) and a one year high of GBX 200.50 ($2.60).

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Forterra from GBX 260 ($3.37) to GBX 320 ($4.15) and gave the stock a “buy” rating in a research report on Thursday, February 20th.

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.