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.

Several brokerages recently issued reports on GCP. Zacks Investment Research raised GCP Applied Technologies from a sell rating to a hold rating in a report on Thursday. ValuEngine raised GCP Applied Technologies from a sell rating to a hold rating in a report on Wednesday, October 2nd.

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 debt-to-equity ratio of 0.73, a current ratio of 2.84 and a quick ratio of 2.31. The stock has a market cap of $1.56 billion, a P/E 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 posted its earnings results on Wednesday, November 6th. The construction company reported $0.28 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 analysts’ expectations of $270.05 million. During the same period last year, the firm earned $0.34 EPS. The firm’s revenue was down 9.9% compared to the same quarter last year. Equities analysts anticipate that GCP Applied Technologies will post 0.77 EPS for the current year.

About GCP Applied Technologies

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.

See Also: Futures Contract

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

Receive News & Ratings for GCP Applied Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCP Applied Technologies and related companies with MarketBeat.com's FREE daily email newsletter.