PGT Innovations Inc (PGTI) Set to Announce Quarterly Earnings on Wednesday
PGT Innovations Inc (NASDAQ:PGTI) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.20 per share for the quarter.
PGT Innovations (NASDAQ:PGTI) last issued its earnings results on Thursday, August 3rd. The construction company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. PGT Innovations had a net margin of 7.46% and a return on equity of 28.98%. The company had revenue of $137.38 million during the quarter, compared to analysts’ expectations of $127.79 million. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts expect PGT Innovations to post $0.59 EPS for the current fiscal year and $0.72 EPS for the next fiscal year.
Shares of PGT Innovations Inc (PGTI) opened at 14.20 on Wednesday. PGT Innovations Inc has a 52-week low of $9.50 and a 52-week high of $15.10. The company has a market cap of $704.35 million, a PE ratio of 25.40 and a beta of 0.93. The company has a 50 day moving average of $14.35 and a 200-day moving average of $12.74.
In other news, Director Brett N. Milgrim sold 8,894 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $13.10, for a total value of $116,511.40. Following the transaction, the director now owns 55,760 shares of the company’s stock, valued at approximately $730,456. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brett N. Milgrim sold 8,322 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $13.33, for a total transaction of $110,932.26. Following the completion of the transaction, the director now directly owns 64,654 shares in the company, valued at approximately $861,837.82. The disclosure for this sale can be found here. Insiders sold a total of 66,675 shares of company stock worth $879,808 in the last three months. Insiders own 6.50% of the company’s stock.
Several equities research analysts have weighed in on the stock. BidaskClub downgraded shares of PGT Innovations from a “hold” rating to a “sell” rating in a research note on Saturday. Raymond James Financial, Inc. downgraded shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Friday, August 4th. FBR & Co reaffirmed a “buy” rating and issued a $15.00 price objective (up from $13.00) on shares of PGT Innovations in a research report on Monday, August 21st. KeyCorp reaffirmed a “hold” rating on shares of PGT Innovations in a research report on Tuesday, September 26th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of PGT Innovations in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.
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About PGT Innovations
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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