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.

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

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