Forterra (FRTA) Set to Announce Quarterly Earnings on Wednesday
Forterra (NASDAQ:FRTA) is scheduled to post its quarterly earnings results before the market opens on Wednesday, March 7th. Analysts expect Forterra to post earnings of ($0.22) per share for the quarter.
Shares of Forterra (NASDAQ:FRTA) opened at $7.71 on Monday. The company has a current ratio of 2.56, a quick ratio of 1.43 and a debt-to-equity ratio of 15.19. Forterra has a one year low of $3.02 and a one year high of $20.47.
A number of analysts recently weighed in on the stock. BidaskClub upgraded shares of Forterra from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada upped their target price on shares of Forterra from $3.50 to $8.00 and gave the stock a “market perform” rating in a research note on Thursday, November 9th. Barclays upped their target price on shares of Forterra from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 14th. Citigroup upped their target price on shares of Forterra from $4.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Forterra from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.69.
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Forterra, Inc is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.
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