Q3 2017 EPS Estimates for PGT Innovations Inc (NASDAQ:PGTI) Decreased by Analyst
PGT Innovations Inc (NASDAQ:PGTI) – Equities researchers at SunTrust Banks cut their Q3 2017 earnings per share (EPS) estimates for PGT Innovations in a research note issued to investors on Thursday. SunTrust Banks analyst K. Hughes now forecasts that the construction company will earn $0.21 per share for the quarter, down from their previous forecast of $0.22. SunTrust Banks also issued estimates for PGT Innovations’ Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.21 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.72 EPS.
Other equities analysts also recently issued research reports about the stock. TheStreet upgraded shares of PGT Innovations from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $13.00 price objective on shares of PGT Innovations in a research note on Friday, May 5th. Zacks Investment Research upgraded shares of PGT Innovations from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, Raymond James Financial, Inc. downgraded shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. PGT Innovations currently has an average rating of “Hold” and a consensus price target of $13.00.
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Shares of PGT Innovations (PGTI) opened at 13.30 on Monday. The firm has a market cap of $657.30 million, a PE ratio of 26.71 and a beta of 0.93. PGT Innovations has a 12 month low of $9.50 and a 12 month high of $13.48. The firm’s 50-day moving average price is $12.68 and its 200-day moving average price is $11.49.
PGT Innovations (NASDAQ:PGTI) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. PGT Innovations had a return on equity of 8.95% and a net margin of 2.66%. The company had revenue of $137.38 million during the quarter, compared to analysts’ expectations of $127.79 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in PGTI. Mason Street Advisors LLC increased its position in PGT Innovations by 7.0% in the first quarter. Mason Street Advisors LLC now owns 11,457 shares of the construction company’s stock valued at $123,000 after buying an additional 750 shares in the last quarter. State of Alaska Department of Revenue increased its position in PGT Innovations by 79.7% in the second 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. BNP Paribas Arbitrage SA increased its position in PGT Innovations by 55.9% in the second quarter. BNP Paribas Arbitrage SA now owns 14,568 shares of the construction company’s stock valued at $186,000 after buying an additional 5,224 shares in the last quarter. Louisiana State Employees Retirement System increased its position in PGT Innovations by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the construction company’s stock valued at $215,000 after buying an additional 300 shares in the last quarter. Finally, Bank of Montreal Can increased its position in PGT Innovations by 870.3% in the second quarter. Bank of Montreal Can now owns 17,301 shares of the construction company’s stock valued at $221,000 after buying an additional 15,518 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.
About PGT Innovations
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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