Wall Street brokerages forecast that PGT Innovations, Inc. (NYSE:PGTI) will announce $281.83 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for PGT Innovations’ earnings, with the lowest sales estimate coming in at $272.00 million and the highest estimate coming in at $297.00 million. PGT Innovations posted sales of $202.78 million during the same quarter last year, which suggests a positive year-over-year growth rate of 39%. The business is scheduled to announce its next earnings report on Wednesday, August 11th.
According to Zacks, analysts expect that PGT Innovations will report full year sales of $1.12 billion for the current fiscal year, with estimates ranging from $1.11 billion to $1.13 billion. For the next financial year, analysts anticipate that the company will post sales of $1.20 billion, with estimates ranging from $1.18 billion to $1.24 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for PGT Innovations.
PGT Innovations (NYSE:PGTI) last posted its quarterly earnings results on Thursday, May 13th. The construction company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.09. The business had revenue of $271.10 million during the quarter, compared to the consensus estimate of $249.42 million. PGT Innovations had a return on equity of 12.09% and a net margin of 4.49%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the firm earned $0.28 earnings per share.
NYSE PGTI traded up $0.21 during trading hours on Tuesday, 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.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Veriti Management LLC bought a new stake in shares of PGT Innovations during the fourth quarter valued at approximately $53,000. Captrust Financial Advisors raised its holdings in shares of PGT Innovations by 3,844.3% during the first quarter. Captrust Financial Advisors now owns 4,536 shares of the construction company’s stock valued at $115,000 after buying an additional 4,421 shares during the last quarter. Alpha Paradigm Partners LLC bought a new stake in shares of PGT Innovations during the fourth quarter valued at approximately $147,000. Mutual of America Capital Management LLC raised its holdings in shares of PGT Innovations by 7.8% during the first quarter. Mutual of America Capital Management LLC now owns 7,935 shares of the construction company’s stock valued at $200,000 after buying an additional 572 shares during the last quarter. Finally, Schulhoff & Co. Inc. bought a new stake in shares of PGT Innovations during the first quarter valued at approximately $202,000. 87.28% of the stock is currently owned by institutional investors.
About PGT Innovations
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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