FY2018 EPS Estimates for GCP Applied Technologies Inc (GCP) Reduced by Analyst

GCP Applied Technologies Inc (NYSE:GCP) – Research analysts at Jefferies Financial Group dropped their FY2018 earnings per share estimates for shares of GCP Applied Technologies in a research report issued on Tuesday, November 6th. Jefferies Financial Group analyst L. Alexander now anticipates that the construction company will post earnings per share of $0.90 for the year, down from their prior estimate of $0.95. Jefferies Financial Group also issued estimates for GCP Applied Technologies’ FY2019 earnings at $1.10 EPS and FY2020 earnings at $1.20 EPS.

GCP Applied Technologies (NYSE:GCP) last announced its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $296.30 million for the quarter, compared to the consensus estimate of $299.50 million. GCP Applied Technologies had a positive return on equity of 12.77% and a negative net margin of 8.19%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS.

GCP has been the topic of a number of other reports. Seaport Global Securities restated a “buy” rating and issued a $31.00 target price on shares of GCP Applied Technologies in a report on Thursday, August 16th. KeyCorp reduced their price target on GCP Applied Technologies from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, August 9th. Zacks Investment Research cut GCP Applied Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Finally, Monness Crespi & Hardt cut GCP Applied Technologies from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. GCP Applied Technologies has a consensus rating of “Hold” and a consensus target price of $32.75.

Shares of GCP Applied Technologies stock opened at $27.72 on Thursday. GCP Applied Technologies has a 1-year low of $23.85 and a 1-year high of $34.79. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 1.65 and a beta of 0.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.82 and a current ratio of 2.20.

In related news, major shareholder Dalbergia Investments Llc purchased 250,478 shares of GCP Applied Technologies stock in a transaction on Wednesday, September 12th. The stock was bought at an average price of $24.66 per share, with a total value of $6,176,787.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 1,908,163 shares of company stock valued at $48,424,248 in the last ninety days. Insiders own 0.65% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC increased its stake in shares of GCP Applied Technologies by 78.2% in the second quarter. Gabelli Funds LLC now owns 269,900 shares of the construction company’s stock worth $7,814,000 after purchasing an additional 118,400 shares during the period. SG Americas Securities LLC increased its stake in shares of GCP Applied Technologies by 829.6% in the second quarter. SG Americas Securities LLC now owns 82,238 shares of the construction company’s stock worth $2,381,000 after purchasing an additional 73,391 shares during the period. Bank of Nova Scotia bought a new position in shares of GCP Applied Technologies in the second quarter worth about $3,879,000. Russell Investments Group Ltd. increased its stake in GCP Applied Technologies by 4.9% during the second quarter. Russell Investments Group Ltd. now owns 62,315 shares of the construction company’s stock valued at $1,804,000 after acquiring an additional 2,899 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in GCP Applied Technologies by 4.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 565,291 shares of the construction company’s stock valued at $16,366,000 after acquiring an additional 23,130 shares during the period. Institutional investors and hedge funds own 81.58% of the company’s stock.

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 system 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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