Equities analysts predict that PGT Innovations Inc (NASDAQ:PGTI) will post $0.20 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for PGT Innovations’ earnings. The highest EPS estimate is $0.22 and the lowest is $0.18. PGT Innovations posted earnings of $0.19 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The business is scheduled to report its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that PGT Innovations will report full-year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.61. For the next year, analysts forecast that the firm will report earnings of $0.72 per share, with EPS estimates ranging from $0.66 to $0.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow PGT Innovations.

PGT Innovations (NASDAQ:PGTI) last announced 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 company had revenue of $137.38 million for the quarter, compared to analysts’ expectations of $127.79 million. PGT Innovations had a net margin of 7.46% and a return on equity of 28.98%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share.

PGTI has been the subject of several recent analyst reports. TheStreet upgraded shares of PGT Innovations from a “c+” rating to a “b-” rating in a research report on Thursday, June 22nd. Raymond James Financial, Inc. cut shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. FBR & Co reiterated a “buy” rating and set a $15.00 price objective (up from $13.00) on shares of PGT Innovations in a research report on Monday, August 21st. BidaskClub cut shares of PGT Innovations from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of PGT Innovations in a research report on Tuesday, September 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.

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PGT Innovations (NASDAQ PGTI) opened at 14.05 on Friday. The stock’s 50 day moving average is $13.29 and its 200-day moving average is $11.91. PGT Innovations has a 12 month low of $9.50 and a 12 month high of $14.88. The company has a market capitalization of $696.91 million, a PE ratio of 25.13 and a beta of 0.93.

In related news, Director Brett N. Milgrim sold 8,322 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $13.33, for a total transaction of $110,932.26. Following the transaction, the director now directly owns 64,654 shares of the company’s stock, valued at $861,837.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Feintuch sold 49,459 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $13.19, for a total transaction of $652,364.21. Following the transaction, the director now directly owns 81,051 shares in the company, valued at $1,069,062.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,675 shares of company stock valued at $879,808. 6.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its stake in PGT Innovations by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the construction company’s stock worth $257,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System boosted its stake in PGT Innovations by 0.8% during the second quarter. Arizona State Retirement System now owns 25,735 shares of the construction company’s stock worth $329,000 after acquiring an additional 200 shares in the last quarter. Texas Permanent School Fund boosted its stake in PGT Innovations by 1.7% during the second quarter. Texas Permanent School Fund now owns 36,083 shares of the construction company’s stock worth $462,000 after acquiring an additional 609 shares in the last quarter. Mason Street Advisors LLC boosted its stake in PGT Innovations by 7.0% during the first quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock worth $123,000 after acquiring an additional 750 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in PGT Innovations by 0.8% during the second quarter. Macquarie Group Ltd. now owns 128,064 shares of the construction company’s stock worth $1,639,000 after acquiring an additional 973 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for PGT Innovations (NASDAQ:PGTI)

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