GCP Applied Technologies Inc. (GCP) Releases FY17 Earnings Guidance

GCP Applied Technologies Inc. (NYSE:GCP) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.60-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.61.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded GCP Applied Technologies from a hold rating to a buy rating and set a $35.00 price objective on the stock in a research note on Wednesday, October 4th. Cowen and Company initiated coverage on GCP Applied Technologies in a research note on Monday. They issued a market perform rating and a $31.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $34.67.

GCP Applied Technologies Inc. (GCP) traded up $0.32 during trading hours on Friday, hitting $29.58. The company’s stock had a trading volume of 402,324 shares, compared to its average volume of 525,699. The stock has a market cap of $2.05 billion, a PE ratio of 42.13 and a beta of 0.88.

GCP Applied Technologies (NYSE:GCP) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $282.40 million for the quarter, compared to the consensus estimate of $279.05 million. GCP Applied Technologies had a negative return on equity of 36.75% and a net margin of 56.84%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. analysts expect that GCP Applied Technologies Inc. will post 0.61 EPS for the current year.

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About GCP Applied Technologies

GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through two segments: Specialty Construction Chemicals and Specialty Building Materials. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.

Earnings History and Estimates for GCP Applied Technologies (NYSE:GCP)

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