Wall Street analysts expect that PGT Innovations, Inc. (NYSE:PGTI – Get Rating) will post $336.23 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for PGT Innovations’ earnings, with estimates ranging from $330.60 million to $342.30 million. PGT Innovations reported sales of $271.09 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 24%. The business is scheduled to issue its next earnings results before the market opens on Monday, January 1st.
On average, analysts expect that PGT Innovations will report full-year sales of $1.41 billion for the current year, with estimates ranging from $1.40 billion to $1.41 billion. For the next financial year, analysts expect that the business will post sales of $1.53 billion, with estimates ranging from $1.47 billion to $1.60 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for PGT Innovations.
PGT Innovations (NYSE:PGTI – Get Rating) last released its earnings results on Thursday, February 17th. The construction company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. PGT Innovations had a net margin of 2.70% and a return on equity of 11.66%. The business had revenue of $304.00 million during the quarter, compared to analyst estimates of $300.55 million. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 37.2% compared to the same quarter last year.
Shares of PGTI traded down $0.42 during mid-day trading on Friday, reaching $17.77. The stock had a trading volume of 221,841 shares, compared to its average volume of 290,699. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.10 and a quick ratio of 2.43. PGT Innovations has a 52-week low of $16.26 and a 52-week high of $28.11. The business’s fifty day moving average is $19.29 and its 200 day moving average is $20.39. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 39.49 and a beta of 1.43.
In other news, VP Deborah L. Lapinska sold 5,000 shares of the stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $21.39, for a total transaction of $106,950.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rodney Hershberger sold 2,000 shares of the stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $21.43, for a total transaction of $42,860.00. The disclosure for this sale can be found here. Insiders sold 9,000 shares of company stock worth $187,870 in the last ninety days. 4.20% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of PGTI. CWM LLC raised its holdings in PGT Innovations by 102.9% in the first quarter. CWM LLC now owns 1,733 shares of the construction company’s stock valued at $31,000 after acquiring an additional 879 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in PGT Innovations by 44.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,318 shares of the construction company’s stock valued at $52,000 after acquiring an additional 712 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in PGT Innovations in the fourth quarter valued at approximately $53,000. Advisor Group Holdings Inc. raised its holdings in PGT Innovations by 67.4% in the third quarter. Advisor Group Holdings Inc. now owns 3,096 shares of the construction company’s stock valued at $59,000 after acquiring an additional 1,246 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in PGT Innovations by 140.1% in the second quarter. Royal Bank of Canada now owns 4,005 shares of the construction company’s stock valued at $93,000 after acquiring an additional 2,337 shares in the last quarter. 88.33% of the stock is currently owned by institutional investors and hedge funds.
PGT Innovations Company Profile (Get Rating)
PGT Innovations, Inc, together with its subsidiaries manufactures and supplies impact-resistant aluminum frame windows and doors in the United States and internationally. The company provides heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris; and non-impact resistant vinyl windows with insulating glass and multi-chambered frames for various climate zones.
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