GCP Applied Technologies Inc. (GCP) Releases FY17 Earnings Guidance
GCP Applied Technologies Inc. (NYSE:GCP) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.60-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.78. GCP Applied Technologies also updated its Q3 guidance to $0.17-0.21 EPS.
GCP Applied Technologies Inc. (GCP) traded down 0.31% on Thursday, reaching $31.75. The company had a trading volume of 383,569 shares. The stock’s 50 day moving average is $30.92 and its 200-day moving average is $30.92. GCP Applied Technologies Inc. has a 1-year low of $25.10 and a 1-year high of $34.22. The stock has a market capitalization of $2.27 billion, a P/E ratio of 721.59 and a beta of 0.97.
GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.23 EPS for the quarter, missing the 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 44.32%. The business had revenue of $287.20 million during the quarter, compared to analyst estimates of $309.70 million. GCP Applied Technologies’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that GCP Applied Technologies Inc. will post $0.78 EPS for the current fiscal year.
Several equities analysts have recently weighed in on GCP shares. Zacks Investment Research upgraded GCP Applied Technologies from a strong sell rating to a hold rating in a research report on Wednesday, July 12th. KeyCorp upgraded GCP Applied Technologies from a sector weight rating to an overweight rating and set a $36.00 target price on the stock in a research report on Thursday, June 22nd. Five investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of $35.40.
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.
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