Equities analysts expect that PGT Innovations Inc (NASDAQ:PGTI) will announce $0.20 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for PGT Innovations’ earnings, with estimates ranging from $0.18 to $0.22. PGT Innovations posted earnings of $0.19 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that PGT Innovations will report full-year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.59 to $0.61. For the next year, analysts expect that the company will report earnings of $0.72 per share, with EPS estimates ranging from $0.66 to $0.75. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover PGT Innovations.
PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. PGT Innovations had a net margin of 7.46% and a return on equity of 28.98%. The business had revenue of $137.38 million for the quarter, compared to the consensus estimate of $127.79 million. During the same period last year, the firm earned $0.15 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis.
Several analysts have weighed in on the stock. Raymond James Financial, Inc. downgraded shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. FBR & Co reissued a “buy” rating and set a $15.00 target price (up previously from $13.00) on shares of PGT Innovations in a research report on Monday, August 21st. SunTrust Banks, Inc. reissued a “buy” rating on shares of PGT Innovations in a research report on Tuesday, September 12th. BidaskClub downgraded shares of PGT Innovations from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, TheStreet raised shares of PGT Innovations from a “c+” rating to a “b-” rating in a report on Thursday, June 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.00.
PGT Innovations (PGTI) traded up 0.36% on Friday, reaching $13.95. 316,117 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $13.35 and a 200 day moving average price of $11.99. The stock has a market cap of $691.95 million, a price-to-earnings ratio of 24.96 and a beta of 0.93. PGT Innovations has a 12-month low of $9.50 and a 12-month high of $14.88.
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In other news, Director Richard D. Feintuch sold 49,459 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were 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 of the company’s stock, valued at approximately $1,069,062.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brett N. Milgrim sold 8,322 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $13.33, for a total transaction of $110,932.26. Following the completion of the sale, the director now directly owns 64,654 shares in the company, valued at $861,837.82. The disclosure for this sale can be found here. Insiders sold a total of 66,675 shares of company stock worth $879,808 over the last ninety days. Insiders own 6.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its holdings in shares of PGT Innovations by 40.7% in the 2nd quarter. Gamco Investors INC. ET AL now owns 34,600 shares of the construction company’s stock valued at $443,000 after acquiring an additional 10,000 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in PGT Innovations by 4.8% during the first quarter. Ameriprise Financial Inc. now owns 255,445 shares of the construction company’s stock worth $2,746,000 after buying an additional 11,760 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in PGT Innovations by 0.6% during the first quarter. Lazard Asset Management LLC now owns 2,664,683 shares of the construction company’s stock worth $28,645,000 after buying an additional 16,410 shares in the last quarter. Arizona State Retirement System boosted its holdings in PGT Innovations by 1.2% during the first quarter. Arizona State Retirement System now owns 25,535 shares of the construction company’s stock worth $275,000 after buying an additional 300 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in PGT Innovations by 5.9% during the first quarter. Vanguard Group Inc. now owns 2,503,414 shares of the construction company’s stock worth $26,912,000 after buying an additional 140,242 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.
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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