PGT Innovations Inc (NYSE:PGTI) Expected to Announce Earnings of $0.28 Per Share

Brokerages expect that PGT Innovations Inc (NYSE:PGTI) will report earnings of $0.28 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for PGT Innovations’ earnings, with estimates ranging from $0.25 to $0.30. PGT Innovations posted earnings of $0.38 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 26.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that PGT Innovations will report full year earnings of $0.93 per share for the current year, with EPS estimates ranging from $0.91 to $0.95. For the next year, analysts anticipate that the company will post earnings of $1.08 per share, with EPS estimates ranging from $1.05 to $1.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow PGT Innovations.

PGT Innovations (NYSE:PGTI) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The company had revenue of $199.00 million during the quarter, compared to the consensus estimate of $206.34 million. PGT Innovations had a return on equity of 15.36% and a net margin of 6.48%. PGT Innovations’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share.



A number of brokerages recently commented on PGTI. ValuEngine raised PGT Innovations from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Gabelli raised PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday, August 2nd. Zacks Investment Research downgraded PGT Innovations from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, G.Research reissued a “buy” rating on shares of PGT Innovations in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.88.

Shares of PGTI traded down $0.02 on Tuesday, reaching $16.73. 442,789 shares of the company’s stock traded hands, compared to its average volume of 377,316. The company has a current ratio of 2.99, a quick ratio of 2.40 and a debt-to-equity ratio of 0.95. The stock has a market cap of $981.31 million, a PE ratio of 14.18, a PEG ratio of 1.94 and a beta of 1.00. The stock’s 50 day simple moving average is $15.05 and its two-hundred day simple moving average is $15.21. PGT Innovations has a 52-week low of $13.30 and a 52-week high of $24.16.

In related news, insider Robert Andrew Keller purchased 3,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average cost of $14.15 per share, with a total value of $49,525.00. Following the completion of the acquisition, the insider now directly owns 29,328 shares of the company’s stock, valued at $414,991.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rodney Hershberger sold 11,615 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $17.07, for a total value of $198,268.05. Following the completion of the transaction, the director now directly owns 1,260,260 shares of the company’s stock, valued at $21,512,638.20. The disclosure for this sale can be found here. Insiders sold 47,415 shares of company stock valued at $729,675 over the last three months. Company insiders own 5.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of PGT Innovations by 3.1% in the second quarter. US Bancorp DE now owns 25,756 shares of the construction company’s stock worth $430,000 after acquiring an additional 772 shares during the period. Piedmont Investment Advisors Inc. boosted its stake in PGT Innovations by 6.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 14,636 shares of the construction company’s stock valued at $203,000 after buying an additional 871 shares during the period. Arizona State Retirement System boosted its stake in PGT Innovations by 1.0% during the second quarter. Arizona State Retirement System now owns 90,509 shares of the construction company’s stock valued at $1,513,000 after buying an additional 908 shares during the period. Bank of Montreal Can boosted its stake in PGT Innovations by 18.8% during the second quarter. Bank of Montreal Can now owns 5,956 shares of the construction company’s stock valued at $100,000 after buying an additional 944 shares during the period. Finally, Aperio Group LLC boosted its stake in PGT Innovations by 6.2% during the second quarter. Aperio Group LLC now owns 21,567 shares of the construction company’s stock valued at $361,000 after buying an additional 1,258 shares during the period. 90.97% of the stock is owned by hedge funds and other institutional investors.

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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