Equities analysts expect that PGT Innovations Inc (NYSE:PGTI) will post sales of $174.45 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for PGT Innovations’ earnings. The lowest sales estimate is $171.10 million and the highest is $183.87 million. PGT Innovations reported sales of $134.10 million in the same quarter last year, which indicates a positive year-over-year growth rate of 30.1%. The business is scheduled to issue its next earnings results on Wednesday, February 27th.
According to Zacks, analysts expect that PGT Innovations will report full year sales of $681.61 million for the current financial year, with estimates ranging from $679.70 million to $684.20 million. For the next financial year, analysts anticipate that the business will post sales of $811.53 million, with estimates ranging from $794.80 million to $845.42 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover PGT Innovations.
Get PGT Innovations alerts:PGT Innovations (NYSE:PGTI) last announced its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $189.89 million during the quarter, compared to analyst estimates of $173.39 million. PGT Innovations had a return on equity of 25.71% and a net margin of 9.92%. The company’s revenue was up 41.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share.
Several analysts have recently weighed in on PGTI shares. Deutsche Bank upped their price objective on PGT Innovations from $26.00 to $28.00 and gave the company a “buy” rating in a report on Monday, November 5th. Dougherty & Co restated a “buy” rating and issued a $22.00 price objective (down previously from $27.00) on shares of PGT Innovations in a report on Thursday. Zacks Investment Research upgraded PGT Innovations from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, January 15th. ValuEngine upgraded PGT Innovations from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Wells Fargo & Co lowered PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.75.
Shares of PGT Innovations stock traded down $0.47 during trading on Monday, hitting $14.29. The stock had a trading volume of 1,284,700 shares, compared to its average volume of 512,864. The company has a quick ratio of 2.16, a current ratio of 2.82 and a debt-to-equity ratio of 0.99. The firm has a market cap of $855.19 million, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 0.70 and a beta of 1.10. PGT Innovations has a fifty-two week low of $13.94 and a fifty-two week high of $26.40.
In other news, Director Rodney Hershberger sold 34,851 shares of the business’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $17.12, for a total transaction of $596,649.12. Following the sale, the director now directly owns 1,106,139 shares of the company’s stock, valued at $18,937,099.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.80% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of PGTI. Northern Trust Corp raised its position in PGT Innovations by 4.0% during the second quarter. Northern Trust Corp now owns 646,667 shares of the construction company’s stock valued at $13,484,000 after buying an additional 24,811 shares during the period. Bank of Montreal Can raised its position in PGT Innovations by 21.0% during the third quarter. Bank of Montreal Can now owns 81,502 shares of the construction company’s stock valued at $1,760,000 after buying an additional 14,167 shares during the period. Texas Permanent School Fund raised its position in PGT Innovations by 13.0% during the third quarter. Texas Permanent School Fund now owns 36,439 shares of the construction company’s stock valued at $787,000 after buying an additional 4,184 shares during the period. Calamos Advisors LLC acquired a new position in PGT Innovations during the third quarter valued at $419,000. Finally, First Quadrant L P CA acquired a new position in PGT Innovations during the third quarter valued at $346,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
About PGT Innovations
PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company 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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