GCP Applied Technologies Inc. (NYSE:GCP) – Seaport Global Securities cut their Q3 2017 EPS estimates for shares of GCP Applied Technologies in a report released on Friday. Seaport Global Securities analyst M. Harrison now anticipates that the construction company will post earnings per share of $0.31 for the quarter, down from their previous forecast of $0.33. Seaport Global Securities also issued estimates for GCP Applied Technologies’ FY2017 earnings at $0.80 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.22 EPS.

GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. GCP Applied Technologies had a net margin of 0.26% and a negative return on equity of 44.54%. The firm had revenue of $287.20 million during the quarter, compared to the consensus estimate of $309.70 million. The business’s quarterly revenue was up 1.1% on a year-over-year basis.

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Several other brokerages also recently issued reports on GCP. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. KeyCorp upgraded GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 target price for the company in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $35.50.

GCP Applied Technologies (GCP) opened at 30.60 on Monday. GCP Applied Technologies has a 12-month low of $25.10 and a 12-month high of $34.22. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 56.98 and a beta of 0.76. The firm’s 50-day moving average price is $30.69 and its 200-day moving average price is $30.51.

A number of hedge funds and other institutional investors have recently made changes to their positions in GCP. Artisan Partners Limited Partnership increased its position in shares of GCP Applied Technologies by 1,930.5% in the first quarter. Artisan Partners Limited Partnership now owns 491,109 shares of the construction company’s stock valued at $16,035,000 after buying an additional 466,922 shares during the period. Parametric Portfolio Associates LLC increased its stake in GCP Applied Technologies by 53.8% in the first quarter. Parametric Portfolio Associates LLC now owns 93,297 shares of the construction company’s stock valued at $3,046,000 after buying an additional 32,621 shares during the last quarter. Russell Investments Group Ltd. increased its stake in GCP Applied Technologies by 65.3% in the first quarter. Russell Investments Group Ltd. now owns 65,621 shares of the construction company’s stock valued at $2,143,000 after buying an additional 25,931 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in GCP Applied Technologies during the first quarter valued at $597,000. Finally, Highbridge Capital Management LLC purchased a new stake in GCP Applied Technologies during the fourth quarter valued at $253,000. Hedge funds and other institutional investors own 81.34% of the company’s stock.

About GCP Applied Technologies

GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through two segments: Specialty Construction Chemicals and Specialty Building Materials. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.

Earnings History and Estimates for GCP Applied Technologies (NYSE:GCP)

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