$0.12 Earnings Per Share Expected for PGT Innovations Inc (NYSE:PGTI) This Quarter

Brokerages predict that PGT Innovations Inc (NYSE:PGTI) will report earnings per share (EPS) of $0.12 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for PGT Innovations’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.15. PGT Innovations posted earnings of $0.32 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 62.5%. The company is expected to issue its next quarterly earnings results on Thursday, August 6th.

On average, analysts expect that PGT Innovations will report full-year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.58 to $0.91. For the next year, analysts anticipate that the business will report earnings of $0.83 per share, with EPS estimates ranging from $0.73 to $0.94. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow PGT Innovations.

PGT Innovations (NYSE:PGTI) last released its quarterly earnings results on Wednesday, May 13th. The construction company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.15. PGT Innovations had a return on equity of 13.02% and a net margin of 6.45%. The company had revenue of $220.20 million for the quarter, compared to analyst estimates of $189.55 million.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on PGT Innovations from $17.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, March 31st. B. Riley upped their price objective on PGT Innovations from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. SunTrust Banks upped their price objective on PGT Innovations from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Wells Fargo & Co upped their price objective on PGT Innovations from $10.00 to $12.50 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Finally, ValuEngine raised PGT Innovations from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.08.

In other news, CEO Jeffrey T. Jackson purchased 3,225 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average price of $8.54 per share, with a total value of $27,541.50. Following the transaction, the chief executive officer now owns 388,620 shares of the company’s stock, valued at $3,318,814.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. grew its position in shares of PGT Innovations by 1.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 62,682 shares of the construction company’s stock worth $935,000 after buying an additional 688 shares in the last quarter. Isthmus Partners LLC boosted its position in PGT Innovations by 1.3% during the fourth quarter. Isthmus Partners LLC now owns 72,297 shares of the construction company’s stock valued at $1,078,000 after purchasing an additional 895 shares in the last quarter. Stone Ridge Asset Management LLC boosted its position in PGT Innovations by 8.6% during the first quarter. Stone Ridge Asset Management LLC now owns 12,611 shares of the construction company’s stock valued at $106,000 after purchasing an additional 1,000 shares in the last quarter. Swiss National Bank boosted its position in PGT Innovations by 1.1% during the first quarter. Swiss National Bank now owns 113,300 shares of the construction company’s stock valued at $951,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in PGT Innovations by 28.1% during the fourth quarter. Bank of Montreal Can now owns 8,175 shares of the construction company’s stock valued at $122,000 after purchasing an additional 1,792 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

NYSE:PGTI traded up $0.85 during midday trading on Tuesday, hitting $14.46. 574,700 shares of the company traded hands, compared to its average volume of 401,556. The firm’s fifty day moving average is $10.88 and its 200-day moving average is $13.21. PGT Innovations has a 12-month low of $6.88 and a 12-month high of $18.48. The firm has a market capitalization of $801.98 million, a P/E ratio of 16.62 and a beta of 1.43. The company has a current ratio of 3.02, a quick ratio of 2.40 and a debt-to-equity ratio of 1.03.

About PGT Innovations

PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It offers heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact vinyl windows with insulating glass and multi-chambered frames for various climate zones.

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Earnings History and Estimates for PGT Innovations (NYSE:PGTI)

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