Zacks: Analysts Expect Ply Gem Holdings Inc (PGEM) Will Post Quarterly Sales of $569.61 Million
Equities research analysts expect that Ply Gem Holdings Inc (NYSE:PGEM) will announce sales of $569.61 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ply Gem Holdings’ earnings, with the lowest sales estimate coming in at $569.10 million and the highest estimate coming in at $570.23 million. Ply Gem Holdings reported sales of $530.39 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.4%. The business is expected to report its next quarterly earnings report before the market opens on Monday, November 6th.
According to Zacks, analysts expect that Ply Gem Holdings will report full year sales of $569.61 million for the current financial year, with estimates ranging from $2.04 billion to $2.05 billion. For the next financial year, analysts forecast 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 averages are a mean average based on a survey of research analysts that follow Ply Gem Holdings.
Ply Gem Holdings (NYSE:PGEM) last released its earnings results on Monday, August 7th. The construction company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.03). The firm had revenue of $544.80 million during the quarter, compared to the consensus estimate of $548.58 million. Ply Gem Holdings had a net margin of 5.48% and a return on equity of 598.07%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS.
A number of analysts have issued reports on PGEM shares. BidaskClub upgraded shares of Ply Gem Holdings from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada reiterated a “buy” rating and issued a $18.00 price target on shares of Ply Gem Holdings in a report on Monday, October 16th. Zacks Investment Research upgraded shares of Ply Gem Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $19.00 price target (down from $20.00) on shares of Ply Gem Holdings in a report on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Ply Gem Holdings currently has an average rating of “Hold” and a consensus price target of $18.50.
Ply Gem Holdings (PGEM) traded down 0.150% on Monday, reaching $16.675. The company had a trading volume of 7,313 shares. Ply Gem Holdings has a 12-month low of $12.85 and a 12-month high of $20.00. The stock’s 50 day moving average price is $16.50 and its 200-day moving average price is $17.14. The stock has a market capitalization of $1.14 billion, a PE ratio of 13.161 and a beta of 2.52.
Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in shares of Ply Gem Holdings by 1.0% in the 1st 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 bought a new stake in shares of Ply Gem Holdings in the 2nd quarter worth about $183,000. Balter Liquid Alternatives LLC bought a new stake in shares of Ply Gem Holdings in the 2nd quarter worth about $220,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Ply Gem Holdings in the 2nd quarter worth about $250,000. Finally, American International Group Inc. increased its holdings in shares of Ply Gem Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 13,556 shares of the construction company’s stock worth $267,000 after buying an additional 901 shares during the last quarter. Hedge funds and other institutional investors own 29.70% of the company’s stock.
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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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