Analysts Expect Ply Gem Holdings Inc (PGEM) Will Post Quarterly Sales of $494.93 Million

Equities research analysts expect that Ply Gem Holdings Inc (NYSE:PGEM) will report sales of $494.93 million for the current quarter, Zacks reports. Three analysts have made estimates for Ply Gem’s earnings. The highest sales estimate is $505.00 million and the lowest is $481.46 million. Ply Gem posted sales of $462.29 million in the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The firm is expected to report its next earnings report on Friday, March 9th.

According to Zacks, analysts expect that Ply Gem will report full year sales of $494.93 million for the current fiscal year, with estimates ranging from $2.02 billion to $2.04 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.18 billion per share, with estimates ranging from $2.15 billion to $2.19 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Ply Gem.

Ply Gem (NYSE:PGEM) last issued its quarterly earnings results on Monday, November 6th. The construction company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). The firm had revenue of $564.66 million for the quarter, compared to the consensus estimate of $563.96 million. Ply Gem had a net margin of 3.02% and a return on equity of 240.74%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS.

A number of analysts have commented on the stock. ValuEngine raised shares of Ply Gem from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada reissued a “buy” rating and set a $18.00 price objective on shares of Ply Gem in a research report on Monday, October 16th. BidaskClub cut shares of Ply Gem from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Ply Gem in a research report on Tuesday, October 24th. Finally, Zacks Investment Research raised shares of Ply Gem from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.50.

Several hedge funds have recently added to or reduced their stakes in PGEM. Prudential Financial Inc. boosted its position in shares of Ply Gem by 14.7% during the 2nd quarter. Prudential Financial Inc. now owns 27,760 shares of the construction company’s stock worth $498,000 after purchasing an additional 3,550 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Ply Gem by 1.9% during the 2nd quarter. Wells Fargo & Company MN now owns 15,890 shares of the construction company’s stock worth $285,000 after purchasing an additional 293 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Ply Gem by 20.7% during the 2nd quarter. Nationwide Fund Advisors now owns 45,830 shares of the construction company’s stock worth $823,000 after purchasing an additional 7,845 shares in the last quarter. Thrivent Financial For Lutherans bought a new position in shares of Ply Gem during the 2nd quarter worth about $333,000. Finally, Northern Trust Corp lifted its position in Ply Gem by 2.6% in the 2nd quarter. Northern Trust Corp now owns 300,602 shares of the construction company’s stock valued at $5,395,000 after acquiring an additional 7,683 shares in the last quarter. 29.04% of the stock is currently owned by institutional investors.

Shares of Ply Gem (PGEM) opened at $21.45 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.28 and a debt-to-equity ratio of 13.73. The company has a market cap of $1,470.00, a price-to-earnings ratio of 24.38 and a beta of 2.55. Ply Gem has a 1 year low of $14.55 and a 1 year high of $21.58.

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About Ply Gem

Ply Gem Holdings, Inc is a manufacturer of exterior building products in North America. The Company operates through two segments: Siding, Fencing, and Stone, and Windows and Doors. In the Siding, Fencing, and Stone segment, its principal products include vinyl siding and skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC trim and moldings, J-channels, wide crown molding, window and door trim, F-channels, H-molds, fascia, undersill trims, outside/inside corner posts, rain removal systems, injection molded designer accents, such as shakes, shingles, scallops, shutters, vents and mounts, vinyl fence, vinyl railing and stone veneer in the United States and Canada.

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