GCP Applied Technologies (NYSE:GCP) announced its quarterly earnings results on Tuesday. The construction company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01, Bloomberg Earnings reports. GCP Applied Technologies had a return on equity of 124.93% and a net margin of 56.84%. The business had revenue of $289.50 million for the quarter, compared to analyst estimates of $292.85 million. During the same quarter in the prior year, the company posted $0.18 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. GCP Applied Technologies updated its FY18 guidance to $0.84-1.03 EPS.
GCP Applied Technologies (GCP) opened at $32.35 on Tuesday. GCP Applied Technologies has a 12 month low of $26.15 and a 12 month high of $34.79. The company has a current ratio of 2.52, a quick ratio of 2.28 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $2,353.25, a PE ratio of 48.31 and a beta of 0.96.
Several brokerages have recently commented on GCP. Zacks Investment Research lowered GCP Applied Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 1st. Cowen began coverage on GCP Applied Technologies in a research note on Monday, October 30th. They issued a “market perform” rating and a $31.00 price target on the stock. TheStreet raised GCP Applied Technologies from a “d+” rating to a “c” rating in a research note on Friday, November 24th. Finally, KeyCorp reissued a “buy” rating and set a $34.00 target price on shares of GCP Applied Technologies in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.80.
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GCP Applied Technologies Company Profile
GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through two segments: Specialty Construction Chemicals and Specialty Building Materials. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.
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