Brokerages Anticipate PGT, Inc. (PGTI) Will Announce Earnings of $0.14 Per Share

Equities analysts expect PGT, Inc. (NYSE:PGTI) to post earnings per share of $0.14 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for PGT’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.12. PGT reported earnings per share of $0.10 in the same quarter last year, which would suggest a positive year-over-year growth rate of 40%. The company is expected to announce its next earnings results on Tuesday, February 20th.

On average, analysts expect that PGT will report full-year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.55 to $0.61. For the next year, analysts forecast that the company will report earnings of $0.71 per share, with EPS estimates ranging from $0.65 to $0.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow PGT.

PGT (NYSE:PGTI) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). PGT had a net margin of 4.87% and a return on equity of 19.02%. The company had revenue of $126.90 million for the quarter, compared to the consensus estimate of $129.82 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year.

Several research analysts have commented on PGTI shares. Raymond James Financial downgraded shares of PGT from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th. FBR & Co reissued a “buy” rating and set a $15.00 price target (up from $13.00) on shares of PGT in a research note on Monday, August 21st. BidaskClub downgraded shares of PGT from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. SunTrust Banks reissued a “buy” rating on shares of PGT in a research note on Tuesday, September 12th. Finally, KeyCorp reissued a “hold” rating on shares of PGT in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.67.

In related news, Director William J. Morgan sold 41,395 shares of PGT stock in a transaction on Monday, November 20th. The shares were sold at an average price of $15.71, for a total value of $650,315.45. Following the sale, the director now owns 75,508 shares in the company, valued at $1,186,230.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard D. Feintuch sold 50,000 shares of PGT stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $16.05, for a total transaction of $802,500.00. Following the completion of the sale, the director now owns 75,508 shares in the company, valued at approximately $1,211,903.40. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its holdings in shares of PGT by 79.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 9,755 shares of the construction company’s stock valued at $124,000 after buying an additional 4,325 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of PGT during the 2nd quarter valued at $137,000. Empirical Finance LLC bought a new stake in shares of PGT during the 3rd quarter valued at $160,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of PGT during the 3rd quarter valued at $170,000. Finally, Citadel Advisors LLC bought a new stake in shares of PGT during the 2nd quarter valued at $147,000. Institutional investors and hedge funds own 92.40% of the company’s stock.

Shares of PGT (NYSE PGTI) traded down $0.15 during trading on Friday, reaching $16.20. 429,923 shares of the company’s stock traded hands, compared to its average volume of 298,208. PGT has a twelve month low of $10.00 and a twelve month high of $16.45. The company has a market capitalization of $811.95, a price-to-earnings ratio of 30.85, a PEG ratio of 1.78 and a beta of 1.21. The company has a current ratio of 3.67, a quick ratio of 2.71 and a debt-to-equity ratio of 1.50.

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PGT 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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