GCP Applied Technologies (NYSE:GCP) Releases FY19 Earnings Guidance

GCP Applied Technologies (NYSE:GCP) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.75-0.92 for the period, compared to the Thomson Reuters consensus estimate of $0.78.

A number of research firms have recently commented on GCP. Zacks Investment Research upgraded GCP Applied Technologies from a sell rating to a hold rating in a research note on Thursday. ValuEngine upgraded GCP Applied Technologies from a sell rating to a hold rating in a research note on Wednesday, October 2nd.

Shares of GCP opened at $23.65 on Friday. GCP Applied Technologies has a 12-month low of $16.51 and a 12-month high of $31.74. The company has a quick ratio of 2.31, a current ratio of 2.84 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.59 and a beta of 0.86. The stock’s 50-day moving average price is $20.30 and its 200 day moving average price is $22.34.

GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. GCP Applied Technologies had a return on equity of 13.16% and a net margin of 6.95%. The firm had revenue of $266.90 million for the quarter, compared to analyst estimates of $270.05 million. During the same period in the previous year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down 9.9% compared to the same quarter last year. Equities research analysts expect that GCP Applied Technologies will post 0.77 EPS for the current year.

GCP Applied Technologies Company Profile

GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management and engineered systems under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.

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

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