Brokerages forecast that PGT Innovations Inc (NYSE:PGTI) will announce earnings per share of $0.14 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for PGT Innovations’ earnings. PGT Innovations reported earnings per share of $0.10 in the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The company is scheduled to report its next earnings report on Tuesday, February 20th.

On average, analysts expect that PGT Innovations will report full-year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.57. For the next fiscal year, analysts forecast that the company will report earnings of $0.73 per share, with EPS estimates ranging from $0.65 to $0.86. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover PGT Innovations.

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

Several research analysts have weighed in on the stock. Royal Bank of Canada reissued a “buy” rating on shares of PGT Innovations in a report on Thursday, November 30th. B. Riley increased their price target on shares of PGT Innovations from $15.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. BidaskClub raised shares of PGT Innovations from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Dougherty & Co raised shares of PGT Innovations from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. Finally, SunTrust Banks reissued a “buy” rating on shares of PGT Innovations in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $16.67.

PGT Innovations (NYSE PGTI) traded up $0.15 during trading on Friday, reaching $16.90. 142,784 shares of the company’s stock traded hands, compared to its average volume of 238,125. The company has a market cap of $836.78, a PE ratio of 36.74, a P/E/G ratio of 1.41 and a beta of 1.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.71 and a current ratio of 3.67. PGT Innovations has a 52-week low of $10.00 and a 52-week high of $17.05.

In other news, Director William J. Morgan sold 41,395 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $15.71, for a total transaction of $650,315.45. Following the transaction, the director now directly owns 75,508 shares of the company’s stock, valued at $1,186,230.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Feintuch sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $16.05, for a total transaction of $802,500.00. Following the transaction, the director now directly owns 75,508 shares in the company, valued at $1,211,903.40. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in PGTI. Piedmont Investment Advisors LLC bought a new position in shares of PGT Innovations during the second quarter worth approximately $137,000. Citadel Advisors LLC bought a new position in shares of PGT Innovations during the second quarter worth approximately $147,000. Empirical Finance LLC bought a new position in shares of PGT Innovations during the third quarter worth approximately $160,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of PGT Innovations during the 3rd quarter worth approximately $170,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of PGT Innovations during the 3rd quarter worth approximately $177,000. 92.39% of the stock is currently owned by institutional investors.

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PGT Innovations 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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