$0.08 EPS Expected for Ply Gem (PGEM) This Quarter

Brokerages expect Ply Gem (NYSE:PGEM) to report earnings per share (EPS) of $0.08 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ply Gem’s earnings. Ply Gem reported earnings of ($0.04) per share in the same quarter last year, which would indicate a positive year over year growth rate of 300%. The company is expected to issue its next quarterly earnings report on Monday, May 14th.

According to Zacks, analysts expect that Ply Gem will report full year earnings of $1.54 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.86. For the next year, analysts forecast that the business will report earnings of $2.03 per share, with EPS estimates ranging from $1.58 to $2.47. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Ply Gem.

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Ply Gem (NYSE:PGEM) last issued its quarterly earnings results on Monday, March 5th. The construction company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $516.86 million for the quarter, compared to the consensus estimate of $494.93 million. Ply Gem had a return on equity of 144.46% and a net margin of 3.32%.

PGEM has been the subject of several research reports. Zacks Investment Research raised shares of Ply Gem from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Thursday, February 15th. Royal Bank of Canada set a $23.00 price target on shares of Ply Gem and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, ValuEngine raised shares of Ply Gem from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Ply Gem presently has an average rating of “Hold” and an average price target of $22.00.

In related news, insider John L. Buckley sold 32,725 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $22.00, for a total value of $719,950.00. Following the completion of the transaction, the insider now directly owns 32,724 shares of the company’s stock, valued at $719,928. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 68.90% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC bought a new position in Ply Gem during the fourth quarter worth $209,000. Stone Ridge Asset Management LLC bought a new position in Ply Gem during the fourth quarter worth $215,000. UBS Asset Management Americas Inc. bought a new position in Ply Gem during the fourth quarter worth $235,000. Balter Liquid Alternatives LLC boosted its position in Ply Gem by 30.9% during the fourth quarter. Balter Liquid Alternatives LLC now owns 16,031 shares of the construction company’s stock worth $297,000 after purchasing an additional 3,783 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Ply Gem by 0.9% during the second quarter. The Manufacturers Life Insurance Company now owns 19,016 shares of the construction company’s stock worth $342,000 after purchasing an additional 171 shares during the period. 29.34% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:PGEM traded down $0.05 during mid-day trading on Wednesday, hitting $21.60. 789,437 shares of the company’s stock were exchanged, compared to its average volume of 616,633. The stock has a market capitalization of $1,480.82, a P/E ratio of 22.04 and a beta of 2.42. Ply Gem has a 52 week low of $14.55 and a 52 week high of $22.20. The company has a quick ratio of 1.12, a current ratio of 1.72 and a debt-to-equity ratio of 10.08.

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Ply Gem Company Profile

Ply Gem Holdings, Inc manufactures and sells residential and commercial building products in the United States and Canada. It operates in two segments: Siding, Fencing, and Stone; and Windows and Doors. The Siding, Fencing, and Stone segment offers vinyl siding and skirting, steel siding, vinyl and aluminum soffit, aluminum trim and gutter coil, fabricated aluminum gutter, aluminum and steel roofing accessory, cellular polyvinyl chloride trim and moulding, J-channel, wide crown molding, window and door trim, F-channel, H-mold, fascia, undersill trim, outside/inside corner post, rain removal system, vinyl fence and railing, engineered slate and cedar shake roofing, and stone veneer products.

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