PGT Innovations Inc to Post Q3 2017 Earnings of $0.21 Per Share, SunTrust Banks Forecasts (PGTI)
PGT Innovations Inc (NASDAQ:PGTI) – Analysts at SunTrust Banks reduced their Q3 2017 EPS estimates for shares of PGT Innovations in a research note issued to investors on Thursday. SunTrust Banks analyst K. Hughes now expects that the construction company will post earnings of $0.21 per share for the quarter, down from their prior forecast of $0.22. SunTrust Banks also issued estimates for PGT Innovations’ Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.72 EPS.
PGT Innovations (NASDAQ:PGTI) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.03. The business had revenue of $137.38 million for the quarter, compared to analysts’ expectations of $127.79 million. PGT Innovations had a return on equity of 8.95% and a net margin of 2.66%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. ILLEGAL ACTIVITY NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2017/08/07/pgt-innovations-inc-to-post-q3-2017-earnings-of-0-21-per-share-suntrust-banks-forecasts-pgti.html.
Several other brokerages have also recently commented on PGTI. Raymond James Financial, Inc. cut PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Friday. TheStreet raised PGT Innovations from a “c+” rating to a “b-” rating in a report on Thursday, June 22nd. Zacks Investment Research raised PGT Innovations from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $13.00 target price on shares of PGT Innovations in a report on Monday, May 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.00.
Shares of PGT Innovations (NASDAQ PGTI) opened at 13.35 on Monday. The firm has a market cap of $659.77 million, a PE ratio of 26.81 and a beta of 0.93. The firm’s 50-day moving average price is $12.68 and its 200-day moving average price is $11.49. PGT Innovations has a one year low of $9.50 and a one year high of $13.40.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its position in PGT Innovations by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the construction company’s stock valued at $257,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position in PGT Innovations by 0.8% in the second quarter. Arizona State Retirement System now owns 25,735 shares of the construction company’s stock valued at $329,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund boosted its position in PGT Innovations by 1.7% in the second quarter. Texas Permanent School Fund now owns 36,083 shares of the construction company’s stock valued at $462,000 after buying an additional 609 shares in the last quarter. Mason Street Advisors LLC boosted its position in PGT Innovations by 7.0% in the first quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock valued at $123,000 after buying an additional 750 shares in the last quarter. Finally, US Bancorp DE boosted its position in PGT Innovations by 4.7% in the second quarter. US Bancorp DE now owns 34,566 shares of the construction company’s stock valued at $442,000 after buying an additional 1,540 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors.
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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