|Bid||23.28 x 1000|
|Ask||23.29 x 1300|
|Day's Range||23.25 - 23.68|
|52 Week Range||3.45 - 23.95|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||45.15|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Announcement: Moody's says Quikrete's ratings not impacted by announcement to acquire ForterraGlobal Credit Research - 23 Feb 2021New York, February 23, 2021 -- Moody's Investors Service commented that the February 22, 2021 announcement that Quikrete Holdings, Inc. (Ba3 stable) entered into a definitive agreement to acquire Forterra, Inc. has no immediate impact on the rating of Quikrete. The proposed transaction is credit negative for Quikrete as it will increase leverage and present integration risk.
Forterra (NASDAQ:FRTA) announces its next round of earnings this Wednesday, February 24. Here is Benzinga's everything-that-matters guide for this Wednesday's Q4 earnings announcement. Net Income, Earnings, And Earnings Per Share Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS. Earnings And Revenue Analysts predict Forterra will report earnings of $0.07 per share on revenue of $377.14 million. In the same quarter last year, Forterra posted a loss of $0.12 per share on sales of $363.15 million. What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values. View more earnings on FRTA The Wall Street estimate would represent a 158.33% increase in the company's earnings. Revenue would be have grown 3.85% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate 0.48 0.1 -0.23 -0.13 EPS Actual 0.42 0.4 -0.22 -0.12 Revenue Estimate 467.24 M 389.58 M 303.34 M 346.91 M Revenue Actual 457.60 M 426.19 M 330.88 M 363.15 M Stock Performance Shares of Forterra were trading at $23.45 as of February 22. Over the last 52-week period, shares are up 63.08%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release. Do not be surprised to see the stock move on comments made during its conference call. Forterra is scheduled to hold the call at 09:30:00 ET and can be accessed here. See more from BenzingaClick here for options trades from BenzingaEarnings Outlook for GreifNetApp Earnings Preview© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Forterra Inc. , a maker of water and drainage infrastructure pipes and products in the U.S. and Eastern Canada, said Monday it has agreed to be taken private by Quikrete Holdings Inc. in an all-cash deal valued at about $2.74 billion, including debt. Quikrete, a family-owned buildings materials company, will pay $24 per share to acquire the company, or a premium of about 38.5% over the company's 90-day volume-weighted average share price on February 19. The deal is expected to close in the fourth quarter. Forterra said it will release quarterly earnings as planned on Feb. 24 but will not host its usual conference call. Forterra shares were halted for the news, but have gained 44% in the last 12 months, while the S&P 500 has gained 17%.