$0.29 Earnings Per Share Expected for PGT Innovations Inc (NYSE:PGTI) This Quarter

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Brokerages expect PGT Innovations Inc (NYSE:PGTI) to announce earnings of $0.29 per share for the current quarter, according to Zacks. Seven analysts have provided estimates for PGT Innovations’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.34. PGT Innovations reported earnings of $0.38 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 23.7%. The business is expected to report its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that PGT Innovations will report full year earnings of $0.96 per share for the current year, with EPS estimates ranging from $0.91 to $1.03. For the next fiscal year, analysts expect that the business will post earnings of $1.09 per share, with EPS estimates ranging from $1.05 to $1.14. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow PGT Innovations.

PGT Innovations (NYSE:PGTI) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. PGT Innovations had a net margin of 6.48% and a return on equity of 15.36%. The business had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $206.34 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis.

A number of research firms recently commented on PGTI. G.Research restated a “buy” rating on shares of PGT Innovations in a research report on Friday, August 2nd. Zacks Investment Research cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Gabelli upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Friday, August 2nd. KeyCorp upped their price objective on shares of PGT Innovations from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Finally, ValuEngine upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $22.88.

In other news, insider Robert Andrew Keller bought 3,500 shares of the stock in a transaction on Tuesday, August 20th. The stock was purchased at an average price of $14.15 per share, for a total transaction of $49,525.00. Following the acquisition, the insider now owns 29,328 shares in the company, valued at $414,991.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Rodney Hershberger sold 11,830 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $16.29, for a total value of $192,710.70. Following the transaction, the director now owns 1,207,630 shares of the company’s stock, valued at approximately $19,672,292.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,305 shares of company stock valued at $903,726. Corporate insiders own 4.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. AlphaOne Investment Services LLC bought a new position in PGT Innovations during the 1st quarter worth about $46,000. Tower Research Capital LLC TRC purchased a new position in PGT Innovations during the second quarter valued at approximately $73,000. Redhawk Wealth Advisors Inc. purchased a new position in PGT Innovations during the second quarter valued at approximately $79,000. Bank of Montreal Can lifted its holdings in PGT Innovations by 18.8% during the second quarter. Bank of Montreal Can now owns 5,956 shares of the construction company’s stock valued at $100,000 after purchasing an additional 944 shares in the last quarter. Finally, Quantamental Technologies LLC lifted its holdings in PGT Innovations by 54.2% during the first quarter. Quantamental Technologies LLC now owns 9,109 shares of the construction company’s stock valued at $126,000 after purchasing an additional 3,201 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

PGTI opened at $13.92 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.99 and a debt-to-equity ratio of 0.95. PGT Innovations has a 12 month low of $13.30 and a 12 month high of $26.40. The company has a fifty day simple moving average of $15.15 and a 200 day simple moving average of $15.33. The stock has a market cap of $816.16 million, a P/E ratio of 11.80, a P/E/G ratio of 1.15 and a beta of 1.04.

About PGT Innovations

PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.

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