Equities analysts expect PGT Innovations, Inc. (NYSE:PGTI) to report earnings of $0.31 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for PGT Innovations’ earnings. The highest EPS estimate is $0.36 and the lowest is $0.28. PGT Innovations reported earnings of $0.21 per share during the same quarter last year, which indicates a positive year over year growth rate of 47.6%. The firm is scheduled to report its next quarterly earnings results on Wednesday, August 11th.
According to Zacks, analysts expect that PGT Innovations will report full-year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.24 to $1.37. For the next year, analysts expect that the firm will post earnings of $1.58 per share, with EPS estimates ranging from $1.46 to $1.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for PGT Innovations.
PGT Innovations (NYSE:PGTI) last issued its earnings results on Thursday, May 13th. The construction company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.09. PGT Innovations had a net margin of 4.49% and a return on equity of 12.09%. The firm had revenue of $271.10 million for the quarter, compared to analysts’ expectations of $249.42 million. During the same quarter last year, the company posted $0.28 earnings per share. PGT Innovations’s revenue was up 23.1% on a year-over-year basis.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of PGT Innovations by 3.2% during the first quarter. Principal Financial Group Inc. now owns 459,366 shares of the construction company’s stock valued at $11,599,000 after buying an additional 14,379 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of PGT Innovations by 37.4% during the first quarter. D. E. Shaw & Co. Inc. now owns 32,733 shares of the construction company’s stock valued at $827,000 after buying an additional 8,911 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of PGT Innovations by 14.3% during the first quarter. Citadel Advisors LLC now owns 34,847 shares of the construction company’s stock valued at $880,000 after acquiring an additional 4,364 shares during the period. Jane Street Group LLC acquired a new position in shares of PGT Innovations during the first quarter valued at approximately $220,000. Finally, Walleye Capital LLC acquired a new position in shares of PGT Innovations during the first quarter valued at approximately $210,000. 87.28% of the stock is currently owned by institutional investors.
NYSE PGTI traded up $0.21 during trading hours on Friday, reaching $22.99. The company’s stock had a trading volume of 1,502 shares, compared to its average volume of 254,125. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.11 and a current ratio of 2.71. The company has a 50-day moving average of $25.42. PGT Innovations has a 52 week low of $13.75 and a 52 week high of $28.11. The company has a market cap of $1.37 billion, a PE ratio of 32.08 and a beta of 1.50.
PGT Innovations Company Profile
PGT Innovations, Inc, together with its subsidiaries, 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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