SunTrust Banks Comments on PGT Innovations Inc’s Q1 2018 Earnings (PGTI)

PGT Innovations Inc (NYSE:PGTI) – Equities research analysts at SunTrust Banks increased their Q1 2018 earnings per share estimates for shares of PGT Innovations in a report released on Thursday. SunTrust Banks analyst K. Hughes now anticipates that the construction company will earn $0.16 per share for the quarter, up from their prior estimate of $0.12. SunTrust Banks also issued estimates for PGT Innovations’ Q2 2018 earnings at $0.24 EPS and Q4 2018 earnings at $0.22 EPS.

PGT Innovations (NYSE:PGTI) last released its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. PGT Innovations had a return on equity of 20.52% and a net margin of 7.80%. The business had revenue of $134.10 million for the quarter, compared to the consensus estimate of $118.32 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada restated a “buy” rating and set a $17.00 price target on shares of PGT Innovations in a research report on Wednesday, November 15th. Dougherty & Co upgraded PGT Innovations from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. B. Riley raised their price target on PGT Innovations from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded PGT Innovations from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. PGT Innovations presently has a consensus rating of “Buy” and a consensus price target of $17.80.

Shares of PGT Innovations (PGTI) opened at $17.70 on Friday. PGT Innovations has a 12-month low of $10.00 and a 12-month high of $18.00. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.71 and a current ratio of 3.49. The firm has a market capitalization of $861.61, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.42 and a beta of 1.06.

Several hedge funds and other institutional investors have recently bought and sold shares of PGTI. Piedmont Investment Advisors LLC bought a new stake in shares of PGT Innovations in the second quarter worth about $137,000. Empirical Finance LLC bought a new stake in shares of PGT Innovations in the third quarter worth about $160,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of PGT Innovations in the third quarter worth about $170,000. State Board of Administration of Florida Retirement System bought a new stake in shares of PGT Innovations in the third quarter worth about $177,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of PGT Innovations in the fourth quarter worth about $200,000. 88.32% of the stock is currently owned by institutional investors.

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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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