PGT, Inc. (PGTI) Expected to Announce Earnings of $0.14 Per Share

Equities analysts expect PGT, Inc. (NYSE:PGTI) to announce $0.14 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for PGT’s earnings. PGT reported earnings per share of $0.10 in the same quarter last year, which indicates a positive year over year growth rate of 40%. The business is scheduled to announce its next quarterly earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that PGT will report full-year earnings of $0.56 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.57. For the next fiscal year, analysts expect that the company will report earnings of $0.72 per share, with EPS estimates ranging from $0.65 to $0.75. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover PGT.

PGT (NYSE:PGTI) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The firm had revenue of $126.90 million during the quarter, compared to analysts’ expectations of $129.82 million. PGT had a return on equity of 19.02% and a net margin of 4.87%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 EPS.

PGTI has been the subject of several research reports. BidaskClub lowered PGT from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. B. Riley reiterated a “buy” rating on shares of PGT in a research report on Wednesday, November 1st. Royal Bank Of Canada reiterated a “buy” rating on shares of PGT in a research report on Thursday, November 30th. Dougherty & Co upgraded PGT from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Finally, FBR & Co reiterated a “buy” rating and issued a $15.00 price objective (up previously from $13.00) on shares of PGT in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.67.

Shares of PGT (PGTI) traded up $0.05 on Friday, reaching $16.25. The company’s stock had a trading volume of 265,600 shares, compared to its average volume of 318,239. The stock has a market capitalization of $806.99, a price-to-earnings ratio of 30.57, a P/E/G ratio of 1.76 and a beta of 1.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.71 and a current ratio of 3.67. PGT has a 1-year low of $10.00 and a 1-year high of $16.50.

In related news, Director William J. Morgan sold 41,395 shares of PGT stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $15.71, for a total transaction of $650,315.45. Following the sale, the director now owns 75,508 shares of the company’s stock, valued at approximately $1,186,230.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Feintuch sold 50,000 shares of PGT stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $16.05, for a total value of $802,500.00. Following the sale, the director now directly owns 75,508 shares in the company, valued at approximately $1,211,903.40. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its holdings in shares of PGT by 79.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,755 shares of the construction company’s stock worth $124,000 after purchasing an additional 4,325 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of PGT in the 2nd quarter worth approximately $137,000. Citadel Advisors LLC purchased a new position in shares of PGT in the 2nd quarter worth approximately $147,000. Empirical Finance LLC purchased a new position in shares of PGT in the 3rd quarter worth approximately $160,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of PGT in the 3rd quarter worth approximately $170,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

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About PGT

PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.

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