Ply Gem Holdings (PGEM) Releases Quarterly Earnings Results
Ply Gem Holdings (NASDAQ:PGEM) issued its quarterly earnings data on Monday. The company reported ($0.76) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.43) by $0.33, ARN reports. The company had revenue of $269.50 million for the quarter, compared to the consensus estimate of $274.37 million.
A number of analysts have recently weighed in on PGEM shares. Analysts at Deutsche Bank cut their price target on shares of Ply Gem Holdings from $14.00 to $13.00 in a research note on Wednesday, March 19th. On the ratings front, analysts at BB&T Corp. cut their price target on shares of Ply Gem Holdings from $20.00 to $16.00 in a research note on Monday, March 17th. Finally, analysts at Credit Suisse cut their price target on shares of Ply Gem Holdings from $14.00 to $12.00 in a research note on Monday, March 17th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $16.01.
Ply Gem Holdings (NASDAQ:PGEM) opened at 12.25 on Monday. Ply Gem Holdings has a 52-week low of $11.06 and a 52-week high of $24.46. The stock has a 50-day moving average of $12.59 and a 200-day moving average of $14.38. The company’s market cap is $830.7 million.
Ply Gem Holdings, Inc (NASDAQ:PGEM) is a manufacturer of residential exterior building products in North America.
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