Wall Street brokerages expect that PGT Innovations Inc (NYSE:PGTI) will announce $0.15 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for PGT Innovations’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.18. PGT Innovations posted earnings per share of $0.07 during the same quarter last year, which would indicate a positive year over year growth rate of 114.3%. The company is scheduled to announce its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that PGT Innovations will report full year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.80 to $0.88. For the next financial year, analysts anticipate that the business will report earnings of $1.02 per share, with EPS estimates ranging from $0.95 to $1.07. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow PGT Innovations.
PGT Innovations (NYSE:PGTI) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $134.10 million during the quarter, compared to analyst estimates of $118.32 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 22.5% on a year-over-year basis.
A number of research analysts have issued reports on PGTI shares. Dougherty & Co reiterated a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of PGT Innovations in a research report on Thursday, February 8th. Zacks Investment Research upgraded PGT Innovations from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, February 22nd. SunTrust Banks reiterated a “buy” rating and set a $19.00 price target on shares of PGT Innovations in a research report on Friday, February 23rd. Finally, ValuEngine upgraded PGT Innovations from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $18.17.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of PGT Innovations by 5.5% in the fourth quarter. BlackRock Inc. now owns 7,310,563 shares of the construction company’s stock valued at $123,183,000 after buying an additional 383,418 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of PGT Innovations by 23.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,122,229 shares of the construction company’s stock valued at $52,610,000 after buying an additional 594,200 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of PGT Innovations by 3.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,526,455 shares of the construction company’s stock valued at $37,770,000 after buying an additional 74,185 shares during the period. Royce & Associates LP lifted its holdings in shares of PGT Innovations by 3.0% during the fourth quarter. Royce & Associates LP now owns 1,294,048 shares of the construction company’s stock valued at $21,805,000 after purchasing an additional 38,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of PGT Innovations by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 535,548 shares of the construction company’s stock valued at $9,024,000 after purchasing an additional 13,881 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
PGTI stock traded down $0.25 during trading on Friday, reaching $18.75. 294,515 shares of the company’s stock were exchanged, compared to its average volume of 552,647. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.58 and a current ratio of 3.49. PGT Innovations has a 1-year low of $10.10 and a 1-year high of $19.60. The firm has a market capitalization of $943.55, a PE ratio of 31.15, a price-to-earnings-growth ratio of 1.24 and a beta of 0.79.
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PGT Innovations Company Profile
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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