Equities research analysts forecast that PGT Innovations Inc (NASDAQ:PGTI) will report earnings per share (EPS) of $0.21 for the current quarter, according to Zacks. Six analysts have provided estimates for PGT Innovations’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.22. PGT Innovations posted earnings of $0.19 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that PGT Innovations will report full year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.57 to $0.61. For the next year, analysts expect that the business will report earnings of $0.70 per share, with EPS estimates ranging from $0.63 to $0.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover PGT Innovations.
PGT Innovations (NASDAQ:PGTI) last released its earnings results on Thursday, August 3rd. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. PGT Innovations had a return on equity of 8.95% and a net margin of 2.66%. The company had revenue of $137.38 million for the quarter, compared to analysts’ expectations of $127.79 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis.
A number of research firms have recently weighed in on PGTI. Raymond James Financial, Inc. cut PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a report on Thursday, June 22nd. Zacks Investment Research raised PGT Innovations from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $13.00 price target on shares of PGT Innovations in a report on Monday, May 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $13.00.
In related news, Director Brett N. Milgrim sold 8,322 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total transaction of $110,932.26. Following the sale, the director now owns 64,654 shares of the company’s stock, valued at $861,837.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard D. Feintuch sold 49,459 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total value of $652,364.21. Following the sale, the director now directly owns 81,051 shares in the company, valued at approximately $1,069,062.69. The disclosure for this sale can be found here. 6.50% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the company. Mason Street Advisors LLC boosted its stake in shares of PGT Innovations by 7.0% in the first quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock valued at $123,000 after buying an additional 750 shares during the last quarter. State of Alaska Department of Revenue raised its position in PGT Innovations by 79.7% in the second quarter. State of Alaska Department of Revenue now owns 9,755 shares of the construction company’s stock valued at $124,000 after buying an additional 4,325 shares during the period. BNP Paribas Arbitrage SA raised its position in PGT Innovations by 55.9% in the second quarter. BNP Paribas Arbitrage SA now owns 14,568 shares of the construction company’s stock valued at $186,000 after buying an additional 5,224 shares during the period. HAP Trading LLC acquired a new position in PGT Innovations during the second quarter valued at about $203,000. Finally, Louisiana State Employees Retirement System raised its position in PGT Innovations by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the construction company’s stock valued at $215,000 after buying an additional 300 shares during the period. 96.80% of the stock is currently owned by hedge funds and other institutional investors.
PGT Innovations (NASDAQ PGTI) opened at 12.90 on Friday. The firm’s 50-day moving average price is $12.84 and its 200 day moving average price is $11.58. The firm has a market cap of $639.87 million, a PE ratio of 23.08 and a beta of 0.93. PGT Innovations has a 52-week low of $9.50 and a 52-week high of $13.85.
About PGT Innovations
PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.
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