Forterra (LON:FORT) Releases Quarterly Earnings Results

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

Forterra Trading Up 6.4 %

LON FORT opened at GBX 169.20 ($2.19) on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58. Forterra has a 52 week low of GBX 146.40 ($1.90) and a 52 week high of GBX 200.50 ($2.60). The business has a 50 day moving average price of GBX 158.95 and a 200-day moving average price of GBX 171.08. The company has a market cap of £347.50 million, a price-to-earnings ratio of 44.11, a P/E/G ratio of 0.30 and a beta of 1.25.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Forterra from GBX 260 ($3.37) to GBX 320 ($4.14) and gave the stock a “buy” rating in a report on Thursday, February 20th.

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.