Analysts Expect Ply Gem Holdings, Inc. (PGEM) Will Post Quarterly Sales of $569.61 Million
Brokerages predict that Ply Gem Holdings, Inc. (NYSE:PGEM) will report sales of $569.61 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Ply Gem Holdings’ earnings. The highest sales estimate is $570.23 million and the lowest is $569.10 million. Ply Gem Holdings posted sales of $530.39 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The company is scheduled to report its next earnings results on Monday, November 6th.
On average, analysts expect that Ply Gem Holdings will report full-year sales of $569.61 million for the current fiscal year, with estimates ranging from $2.04 billion to $2.05 billion. For the next financial year, analysts anticipate that the business will report sales of $2.17 billion per share, with estimates ranging from $2.13 billion to $2.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Ply Gem Holdings.
Ply Gem Holdings (NYSE:PGEM) last posted its quarterly earnings results on Monday, August 7th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $548.58 million. During the same period last year, the firm posted $0.62 EPS. Ply Gem Holdings’s revenue was up 6.7% on a year-over-year basis.
A number of equities analysts have recently weighed in on PGEM shares. BidaskClub raised shares of Ply Gem Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Zacks Investment Research downgraded shares of Ply Gem Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $19.00 price target (down from $20.00) on shares of Ply Gem Holdings in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Ply Gem Holdings presently has an average rating of “Hold” and an average price target of $20.33.
Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc increased its position in Ply Gem Holdings by 1.0% during 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. First Quadrant L P CA acquired a new position in Ply Gem Holdings during the second quarter worth $183,000. Acadian Asset Management LLC acquired a new position in Ply Gem Holdings during the first quarter worth $213,000. Balter Liquid Alternatives LLC acquired a new position in Ply Gem Holdings during the second quarter worth $220,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Ply Gem Holdings during the second quarter worth $250,000. 29.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ply Gem Holdings (NYSE:PGEM) opened at 15.95 on Friday. The firm’s 50-day moving average price is $15.87 and its 200-day moving average price is $17.51. Ply Gem Holdings has a 52-week low of $12.85 and a 52-week high of $20.00. The stock has a market cap of $1.09 billion, a P/E ratio of 12.59 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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