PGT Innovations (NYSE:PGTI) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

PGT Innovations (NYSE:PGTI) issued its earnings results on Thursday. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02), Fidelity Earnings reports. PGT Innovations had a return on equity of 15.36% and a net margin of 6.48%. The business had revenue of $197.82 million for the quarter, compared to analysts’ expectations of $196.78 million. During the same period last year, the business earned $0.38 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. PGT Innovations updated its FY19 guidance to $0.79-0.84 EPS.

PGTI stock traded down $0.09 during midday trading on Friday, hitting $15.36. 1,075,266 shares of the stock traded hands, compared to its average volume of 470,093. The firm has a market cap of $1.05 billion, a P/E ratio of 13.02, a PEG ratio of 2.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.99 and a quick ratio of 2.40. The stock’s fifty day simple moving average is $17.39 and its 200-day simple moving average is $16.00. PGT Innovations has a 1-year low of $13.30 and a 1-year high of $21.49.

Several research analysts recently issued reports on PGTI shares. Gabelli raised shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Friday, August 2nd. Zacks Investment Research raised shares of PGT Innovations from a “sell” rating to a “hold” rating and set a $20.00 target price for the company in a report on Wednesday, October 9th. G.Research reissued a “buy” rating on shares of PGT Innovations in a report on Friday, August 2nd. Finally, ValuEngine cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $21.00.

In other news, VP Brent Boydston purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average price of $14.00 per share, for a total transaction of $28,000.00. Following the completion of the transaction, the vice president now owns 25,176 shares in the company, valued at $352,464. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rodney Hershberger sold 23,970 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $14.13, for a total transaction of $338,696.10. Following the sale, the director now owns 1,234,230 shares in the company, valued at approximately $17,439,669.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,695 shares of company stock worth $945,882. 5.80% of the stock is owned by company insiders.

PGT Innovations Company Profile

PGT Innovations, Inc manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It 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.

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Earnings History for PGT Innovations (NYSE:PGTI)

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