FY2018 Earnings Estimate for PGT Innovations Inc (PGTI) Issued By KeyCorp

PGT Innovations Inc (NYSE:PGTI) – Analysts at KeyCorp boosted their FY2018 EPS estimates for shares of PGT Innovations in a research report issued on Tuesday, November 6th. KeyCorp analyst K. Zener now expects that the construction company will post earnings of $1.16 per share for the year, up from their prior forecast of $1.10. KeyCorp also issued estimates for PGT Innovations’ FY2019 earnings at $1.26 EPS.

PGT Innovations (NYSE:PGTI) last announced its quarterly earnings data on Thursday, November 1st. The construction company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The firm had revenue of $199.08 million during the quarter, compared to analysts’ expectations of $165.62 million. PGT Innovations had a net margin of 9.92% and a return on equity of 25.71%. The business’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share.

A number of other research analysts have also recently weighed in on PGTI. B. Riley lifted their price objective on shares of PGT Innovations from $20.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. ValuEngine cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Wells Fargo & Co initiated coverage on shares of PGT Innovations in a report on Thursday, October 4th. They issued an “outperform” rating and a $25.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of PGT Innovations in a report on Thursday, October 4th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Deutsche Bank initiated coverage on shares of PGT Innovations in a report on Friday, October 19th. They issued a “buy” rating and a $26.00 price objective for the company. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.89.

Shares of PGTI stock opened at $21.15 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.82 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $1.22 billion, a P/E ratio of 34.67, a price-to-earnings-growth ratio of 0.90 and a beta of 0.89. PGT Innovations has a fifty-two week low of $14.50 and a fifty-two week high of $26.40.

A number of institutional investors have recently modified their holdings of PGTI. Principal Financial Group Inc. lifted its stake in PGT Innovations by 3.4% in the first quarter. Principal Financial Group Inc. now owns 408,788 shares of the construction company’s stock worth $7,624,000 after acquiring an additional 13,259 shares during the last quarter. Bank of Montreal Can lifted its stake in PGT Innovations by 539.6% in the second quarter. Bank of Montreal Can now owns 67,335 shares of the construction company’s stock worth $1,403,000 after acquiring an additional 56,807 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in PGT Innovations in the second quarter worth approximately $400,000. Sheets Smith Wealth Management purchased a new position in PGT Innovations in the second quarter worth approximately $372,000. Finally, Aperio Group LLC purchased a new position in PGT Innovations in the second quarter worth approximately $210,000. Institutional investors own 79.38% of the company’s stock.

PGT Innovations 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.

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Earnings History and Estimates for PGT Innovations (NYSE:PGTI)

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