Analysts Issue Forecasts for GCP Applied Technologies Inc’s FY2019 Earnings (GCP)

GCP Applied Technologies Inc (NYSE:GCP) – Analysts at Seaport Global Securities issued their FY2019 earnings per share estimates for shares of GCP Applied Technologies in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Harrison anticipates that the construction company will post earnings of $1.54 per share for the year.

GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $282.40 million during the quarter, compared to the consensus estimate of $279.05 million. GCP Applied Technologies had a return on equity of 124.93% and a net margin of 56.84%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share.

Several other analysts also recently commented on the company. Cowen started coverage on GCP Applied Technologies in a research note on Monday, October 30th. They issued a “market perform” rating and a $31.00 price objective for the company. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. TheStreet raised GCP Applied Technologies from a “d+” rating to a “c” rating in a research note on Friday, November 24th. Finally, KeyCorp reissued a “buy” rating and issued a $34.00 price objective on shares of GCP Applied Technologies in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $34.80.

Shares of GCP Applied Technologies (NYSE:GCP) traded up $0.50 during trading on Monday, hitting $34.35. The stock had a trading volume of 207,300 shares, compared to its average volume of 402,085. The stock has a market capitalization of $2,460.70, a P/E ratio of 3.84 and a beta of 1.08. GCP Applied Technologies has a 12-month low of $25.75 and a 12-month high of $34.55. The company has a current ratio of 2.52, a quick ratio of 2.28 and a debt-to-equity ratio of 0.91.

In related news, insider Gregory E. Poling sold 26,233 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $32.91, for a total transaction of $863,328.03. Following the completion of the sale, the insider now directly owns 81,151 shares of the company’s stock, valued at $2,670,679.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Phillip J. Mason purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $29.96 per share, with a total value of $89,880.00. Following the completion of the transaction, the director now directly owns 7,428 shares of the company’s stock, valued at approximately $222,542.88. The disclosure for this purchase can be found here. Company insiders own 0.65% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank increased its position in shares of GCP Applied Technologies by 3.4% during the second quarter. Amalgamated Bank now owns 9,027 shares of the construction company’s stock valued at $275,000 after acquiring an additional 301 shares during the last quarter. Legal & General Group Plc increased its position in shares of GCP Applied Technologies by 1.2% during the second quarter. Legal & General Group Plc now owns 25,493 shares of the construction company’s stock valued at $776,000 after acquiring an additional 309 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of GCP Applied Technologies by 0.3% during the second quarter. Suntrust Banks Inc. now owns 160,086 shares of the construction company’s stock valued at $4,882,000 after acquiring an additional 441 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of GCP Applied Technologies by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 55,283 shares of the construction company’s stock valued at $1,686,000 after acquiring an additional 711 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of GCP Applied Technologies by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 353,393 shares of the construction company’s stock valued at $10,848,000 after acquiring an additional 1,947 shares during the last quarter. 83.98% of the stock is owned by institutional investors.

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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 and Estimates for GCP Applied Technologies (NYSE:GCP)

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