Brokerages expect PGT Industries, Inc. (NYSE:PGTI) to report $152.60 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for PGT Industries’ earnings, with estimates ranging from $147.00 million to $157.00 million. PGT Industries posted sales of $137.38 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that PGT Industries will report full year sales of $576.14 million for the current year, with estimates ranging from $573.48 million to $579.90 million. For the next fiscal year, analysts forecast that the business will report sales of $613.10 million per share, with estimates ranging from $597.00 million to $630.82 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow PGT Industries.
PGT Industries (NYSE:PGTI) last issued its quarterly earnings results on Tuesday, May 1st. The construction company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.05. PGT Industries had a net margin of 8.20% and a return on equity of 22.75%. The company had revenue of $140.30 million for the quarter, compared to the consensus estimate of $129.63 million. During the same quarter in the prior year, the company earned $0.07 EPS. PGT Industries’s quarterly revenue was up 24.5% on a year-over-year basis.
Several equities research analysts have commented on PGTI shares. Zacks Investment Research upgraded PGT Industries from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Friday, May 4th. Gabelli lowered PGT Industries from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research report on Thursday, June 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. PGT Industries has a consensus rating of “Buy” and an average price target of $18.71.
In related news, Director M Joseph Mchugh sold 83,601 shares of the stock in a transaction on Friday, May 25th. The stock was sold at an average price of $20.38, for a total value of $1,703,788.38. Following the completion of the transaction, the director now directly owns 148,549 shares of the company’s stock, valued at approximately $3,027,428.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey T. Jackson sold 85,533 shares of the stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $18.68, for a total value of $1,597,756.44. The disclosure for this sale can be found here. Insiders have sold a total of 201,964 shares of company stock worth $3,932,866 in the last quarter. Insiders own 5.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PGTI. Sei Investments Co. increased its stake in shares of PGT Industries by 4,969.7% in the 1st quarter. Sei Investments Co. now owns 6,033 shares of the construction company’s stock worth $112,000 after acquiring an additional 5,914 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of PGT Industries in the 1st quarter worth $129,000. Bayesian Capital Management LP acquired a new stake in shares of PGT Industries in the 1st quarter worth $190,000. Element Capital Management LLC acquired a new stake in shares of PGT Industries in the 1st quarter worth $191,000. Finally, Profund Advisors LLC acquired a new stake in shares of PGT Industries in the 1st quarter worth $199,000. 90.86% of the stock is owned by hedge funds and other institutional investors.
PGT Industries traded up $0.35, hitting $21.55, during mid-day trading on Wednesday, Marketbeat.com reports. The company had a trading volume of 340,845 shares, compared to its average volume of 405,949. The company has a current ratio of 4.00, a quick ratio of 3.11 and a debt-to-equity ratio of 1.16. PGT Industries has a 12-month low of $12.25 and a 12-month high of $21.97. The firm has a market cap of $1.06 billion, a PE ratio of 35.33, a P/E/G ratio of 1.18 and a beta of 0.84.
PGT Industries Company Profile
PGT Innovations, Inc manufactures and supplies residential impact-resistant windows and doors in the Southeastern United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. The company 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PGT Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Industries and related companies with MarketBeat.com's FREE daily email newsletter.