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.

ILLEGAL ACTIVITY WARNING: “” was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/2801485/2801485.html.

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.

Get a free copy of the Zacks research report on PGT Innovations (PGTI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PGT Innovations (NASDAQ:PGTI)

Receive News & Ratings for PGT Innovations Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Innovations Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.