GCP Applied Technologies Inc. (GCP) Releases Q3 Earnings Guidance

GCP Applied Technologies Inc. (NYSE:GCP) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.17-0.21 for the period, compared to the Thomson Reuters consensus estimate of $0.30. The company issued revenue guidance of $276-282 million, compared to the consensus revenue estimate of $311.00 million.GCP Applied Technologies also updated its FY17 guidance to $0.60-0.65 EPS.

GCP Applied Technologies Inc. (GCP) opened at 31.75 on Friday. The stock has a market cap of $2.27 billion, a P/E ratio of 721.59 and a beta of 0.97. The firm’s 50 day moving average price is $30.95 and its 200-day moving average price is $30.95. GCP Applied Technologies Inc. has a 12-month low of $25.10 and a 12-month high of $33.70.

GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). GCP Applied Technologies had a net margin of 0.26% and a negative return on equity of 44.32%. The company had revenue of $287.20 million for the quarter, compared to the consensus estimate of $309.70 million. The firm’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that GCP Applied Technologies Inc. will post $0.78 earnings per share for the current fiscal year.

Several research firms have recently weighed in on GCP. Zacks Investment Research raised shares of GCP Applied Technologies from a hold rating to a buy rating and set a $35.00 price target for the company in a research note on Wednesday, October 4th. KeyCorp raised shares of GCP Applied Technologies from a sector weight rating to an overweight rating and set a $36.00 price target for the company in a research note on Thursday, June 22nd. Five research analysts have rated the stock with a buy rating, GCP Applied Technologies presently has an average rating of Buy and a consensus price target of $35.40.

COPYRIGHT VIOLATION NOTICE: “GCP Applied Technologies Inc. (GCP) Releases Q3 Earnings Guidance” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://ledgergazette.com/2017/10/13/gcp-applied-technologies-inc-gcp-releases-q3-earnings-guidance.html.

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.

GCP) opened at 31.75 on Friday. The stock has a market cap of $2.27 billion, a P/E ratio of 721.59 and a beta of 0.97. The firm’s 50 day moving average price is $30.95 and its 200-day moving average price is $30.95. GCP Applied Technologies Inc. has a 12-month low of $25.10 and a 12-month high of $33.70.

GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). GCP Applied Technologies had a net margin of 0.26% and a negative return on equity of 44.32%. The company had revenue of $287.20 million for the quarter, compared to the consensus estimate of $309.70 million. The firm’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that GCP Applied Technologies Inc. will post $0.78 earnings per share for the current fiscal year.

Several research firms have recently weighed in on GCP. Zacks Investment Research raised shares of GCP Applied Technologies from a hold rating to a buy rating and set a $35.00 price target for the company in a research note on Wednesday, October 4th. KeyCorp raised shares of GCP Applied Technologies from a sector weight rating to an overweight rating and set a $36.00 price target for the company in a research note on Thursday, June 22nd. Five research analysts have rated the stock with a buy rating, GCP Applied Technologies presently has an average rating of Buy and a consensus price target of $35.40.

COPYRIGHT VIOLATION NOTICE: “GCP Applied Technologies Inc. (GCP) Releases Q3 Earnings Guidance” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://ledgergazette.com/2017/10/13/gcp-applied-technologies-inc-gcp-releases-q3-earnings-guidance.html.

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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