GCP Applied Technologies Inc. (NYSE:GCP) released its earnings results on Thursday. The construction company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03, Bloomberg Earnings reports. GCP Applied Technologies had a negative return on equity of 36.75% and a net margin of 56.84%. The company had revenue of $282.40 million during the quarter, compared to the consensus estimate of $279.05 million. During the same quarter last year, the company earned $0.21 earnings per share. GCP Applied Technologies’s quarterly revenue was up 7.2% compared to the same quarter last year. GCP Applied Technologies updated its FY17 guidance to $0.60-0.65 EPS.

Shares of GCP Applied Technologies (NYSE GCP) traded up $0.30 during mid-day trading on Friday, hitting $29.55. The stock had a trading volume of 488,511 shares, compared to its average volume of 525,699. The firm has a market cap of $2.05 billion, a PE ratio of 42.13 and a beta of 0.88. The company has a debt-to-equity ratio of -5.83, a current ratio of 1.39 and a quick ratio of 1.16.

WARNING: This piece of content was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/03/gcp-applied-technologies-inc-gcp-announces-earnings-results.html.

A number of research firms have commented on GCP. Cowen and Company began coverage on GCP Applied Technologies in a report on Monday. They issued a “market perform” rating and a $31.00 target price for the company. Zacks Investment Research downgraded GCP Applied Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $34.67.

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.

Earnings History for GCP Applied Technologies (NYSE:GCP)

Receive News & Ratings for GCP Applied Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCP Applied Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.