Zacks: Brokerages Expect Ply Gem Holdings, Inc. (NYSE:PGEM) Will Announce Quarterly Sales of $547.21 Million
Equities research analysts predict that Ply Gem Holdings, Inc. (NYSE:PGEM) will post sales of $547.21 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Ply Gem Holdings’ earnings. The highest sales estimate is $556.45 million and the lowest is $539.55 million. Ply Gem Holdings reported sales of $510.55 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. The company is expected to announce its next earnings results before the market opens on Monday, August 7th.
According to Zacks, analysts expect that Ply Gem Holdings will report full-year sales of $547.21 million for the current year, with estimates ranging from $2.03 billion to $2.06 billion. For the next financial year, analysts forecast that the business will post sales of $2.17 billion per share, with estimates ranging from $2.13 billion to $2.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Ply Gem Holdings.
Ply Gem Holdings (NYSE:PGEM) last posted its earnings results on Monday, May 8th. The construction company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $430 million during the quarter, compared to the consensus estimate of $420.11 million. Ply Gem Holdings had a negative return on equity of 767.51% and a net margin of 5.14%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.20) EPS.
Several analysts recently commented on PGEM shares. Zacks Investment Research cut Ply Gem Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 price target on shares of Ply Gem Holdings in a research report on Tuesday, April 11th. Finally, BidaskClub upgraded Ply Gem Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.70.
A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. bought a new stake in shares of Ply Gem Holdings during the fourth quarter valued at about $380,000. James Investment Research Inc. bought a new stake in shares of Ply Gem Holdings during the first quarter valued at about $2,143,000. Advisory Services Network LLC bought a new stake in shares of Ply Gem Holdings during the first quarter valued at about $333,000. CNA Financial Corp boosted its stake in shares of Ply Gem Holdings by 98.7% in the first quarter. CNA Financial Corp now owns 26,325 shares of the construction company’s stock valued at $519,000 after buying an additional 13,075 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ply Gem Holdings by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 953,413 shares of the construction company’s stock valued at $15,493,000 after buying an additional 67,281 shares during the last quarter. Institutional investors own 29.72% of the company’s stock.
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Ply Gem Holdings (NYSE PGEM) opened at 17.70 on Thursday. The stock’s 50 day moving average price is $17.49 and its 200-day moving average price is $17.74. Ply Gem Holdings has a 52-week low of $12.85 and a 52-week high of $20.00. The company has a market capitalization of $1.21 billion, a P/E ratio of 12.22 and a beta of 2.50.
About Ply Gem Holdings
Ply Gem Holdings, Inc is a manufacturer of exterior building products in North America. The Company operates through two segments: Siding, Fencing, and Stone, and Windows and Doors. In the Siding, Fencing, and Stone segment, its principal products include vinyl siding and skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC trim and moldings, J-channels, wide crown molding, window and door trim, F-channels, H-molds, fascia, undersill trims, outside/inside corner posts, rain removal systems, injection molded designer accents, such as shakes, shingles, scallops, shutters, vents and mounts, vinyl fence, vinyl railing and stone veneer in the United States and Canada.
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