Analysts predict that Ply Gem Holdings, Inc. (NYSE:PGEM) will report $571.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Ply Gem Holdings’ earnings, with the highest sales estimate coming in at $578.41 million and the lowest estimate coming in at $569.10 million. Ply Gem Holdings posted sales of $530.39 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.8%. The company is scheduled to issue its next earnings results on Monday, November 6th.

According to Zacks, analysts expect that Ply Gem Holdings will report full-year sales of $571.81 million for the current fiscal year, with estimates ranging from $2.04 billion to $2.06 billion. For the next financial year, analysts expect that the company will post sales of $2.18 billion per share, with estimates ranging from $2.13 billion to $2.23 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Ply Gem Holdings.

Ply Gem Holdings (NYSE:PGEM) last released its quarterly earnings data on Monday, August 7th. The construction company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.03. Ply Gem Holdings had a net margin of 4.45% and a return on equity of 857.19%. The firm had revenue of $544.80 million during the quarter, compared to analysts’ expectations of $548.58 million. During the same period in the previous year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis.

Several analysts have recently commented on the stock. Zacks Investment Research cut shares of Ply Gem Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. BidaskClub raised shares of Ply Gem Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Ply Gem Holdings in a research note on Monday, May 15th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.00 price objective (down from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.33.

Ply Gem Holdings (PGEM) opened at 14.95 on Monday. The company has a 50-day moving average price of $16.58 and a 200 day moving average price of $17.66. The stock has a market capitalization of $1.02 billion, a P/E ratio of 11.80 and a beta of 2.48. Ply Gem Holdings has a 1-year low of $12.85 and a 1-year high of $20.00.

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A number of institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc boosted its position in shares of Ply Gem Holdings by 1.0% in the first quarter. Legal & General Group Plc now owns 5,754 shares of the construction company’s stock worth $113,000 after buying an additional 58 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Ply Gem Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 25,204 shares of the construction company’s stock worth $452,000 after buying an additional 66 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Ply Gem Holdings by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 19,016 shares of the construction company’s stock worth $342,000 after buying an additional 171 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Ply Gem Holdings by 1.9% in the second quarter. Wells Fargo & Company MN now owns 15,890 shares of the construction company’s stock worth $285,000 after buying an additional 293 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Ply Gem Holdings by 2.4% in the second quarter. HighTower Advisors LLC now owns 27,533 shares of the construction company’s stock worth $495,000 after buying an additional 649 shares during the last quarter. 29.70% of the stock is currently owned by hedge funds and other institutional investors.

Ply Gem Holdings Company Profile

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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