PGT Innovations Inc (NYSE:PGTI) – Research analysts at KeyCorp issued their Q3 2018 EPS estimates for PGT Innovations in a note issued to investors on Monday, October 15th. KeyCorp analyst K. Zener forecasts that the construction company will post earnings per share of $0.27 for the quarter. KeyCorp also issued estimates for PGT Innovations’ Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $1.10 EPS and FY2019 earnings at $1.16 EPS.
PGT Innovations (NYSE:PGTI) last posted its quarterly earnings results on Monday, July 30th. The construction company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.31 by $0.10. PGT Innovations had a net margin of 9.90% and a return on equity of 26.98%. The company had revenue of $169.27 million during the quarter, compared to analysts’ expectations of $169.00 million. During the same quarter in the previous year, the business posted $0.20 EPS. The firm’s revenue was up 23.2% on a year-over-year basis.
Other research analysts have also recently issued research reports about the stock. ValuEngine cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. B. Riley upped their target price on shares of PGT Innovations from $20.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Jefferies Financial Group initiated coverage on shares of PGT Innovations in a report on Thursday, October 4th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Wells Fargo & Co initiated coverage on shares of PGT Innovations in a report on Thursday, October 4th. They issued an “outperform” rating and a $25.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. PGT Innovations currently has a consensus rating of “Buy” and a consensus price target of $22.25.
NYSE PGTI opened at $21.94 on Thursday. The company has a quick ratio of 3.47, a current ratio of 4.24 and a debt-to-equity ratio of 1.03. PGT Innovations has a 52 week low of $13.05 and a 52 week high of $26.40. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 1.02 and a beta of 0.88.
Institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted its holdings in shares of PGT Innovations by 4,969.7% in the 1st quarter. Sei Investments Co. now owns 6,033 shares of the construction company’s stock valued at $112,000 after buying an additional 5,914 shares in the last quarter. Cypress Capital Management LLC WY acquired a new position in shares of PGT Innovations in the 2nd quarter valued at $138,000. Aperio Group LLC acquired a new position in shares of PGT Innovations in the 2nd quarter valued at $210,000. Bayesian Capital Management LP acquired a new position in shares of PGT Innovations in the 1st quarter valued at $190,000. Finally, Element Capital Management LLC acquired a new position in shares of PGT Innovations in the 1st quarter valued at $191,000. Institutional investors and hedge funds own 78.88% of the company’s stock.
About PGT Innovations
PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company 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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