Wall Street brokerages forecast that Ply Gem Holdings, Inc. (NYSE:PGEM) will announce $0.47 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Ply Gem Holdings’ earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.46. Ply Gem Holdings reported earnings of $0.62 per share during the same quarter last year, which suggests a negative year over year growth rate of 24.2%. The firm is expected to report its next quarterly earnings results on Monday, August 14th.
According to Zacks, analysts expect that Ply Gem Holdings will report full-year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.35. For the next financial year, analysts forecast that the business will post earnings of $1.61 per share, with EPS estimates ranging from $1.50 to $1.84. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Ply Gem Holdings.
Ply Gem Holdings (NYSE:PGEM) last released its earnings results on Monday, May 8th. The construction company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $430 million for the quarter, compared to analyst estimates of $420.11 million. Ply Gem Holdings had a negative return on equity of 767.51% and a net margin of 5.14%. Ply Gem Holdings’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.20) earnings per share.
A number of equities research analysts recently commented on the company. BidaskClub upgraded Ply Gem Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Zacks Investment Research upgraded Ply Gem Holdings from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, May 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $22.00 price objective on shares of Ply Gem Holdings in a report on Monday, May 15th. Seaport Global Securities assumed coverage on Ply Gem Holdings in a report on Thursday, March 16th. They issued a “neutral” rating for the company. Finally, Zelman & Associates upgraded Ply Gem Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, March 14th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Ply Gem Holdings currently has a consensus rating of “Hold” and an average price target of $18.50.
Ply Gem Holdings (NYSE PGEM) traded up 4.35% on Thursday, reaching $18.00. The company had a trading volume of 272,807 shares. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.42 and a beta of 2.51. The company’s 50 day moving average price is $17.38 and its 200-day moving average price is $17.51. Ply Gem Holdings has a 12 month low of $12.85 and a 12 month high of $20.00.
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A number of large investors have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC bought a new stake in Ply Gem Holdings during the first quarter worth approximately $3,480,000. HighTower Advisors LLC increased its stake in shares of Ply Gem Holdings by 34.3% in the first quarter. HighTower Advisors LLC now owns 26,884 shares of the construction company’s stock valued at $531,000 after buying an additional 6,861 shares during the period. CNA Financial Corp increased its stake in shares of Ply Gem Holdings by 98.7% in the first quarter. CNA Financial Corp now owns 26,325 shares of the construction company’s stock valued at $519,000 after buying an additional 13,075 shares during the period. AQR Capital Management LLC increased its stake in shares of Ply Gem Holdings by 1.0% in the first quarter. AQR Capital Management LLC now owns 503,732 shares of the construction company’s stock valued at $9,923,000 after buying an additional 4,768 shares during the period. Finally, Gotham Asset Management LLC increased its stake in shares of Ply Gem Holdings by 56.5% in the first quarter. Gotham Asset Management LLC now owns 21,475 shares of the construction company’s stock valued at $423,000 after buying an additional 7,753 shares during the period. Institutional investors and hedge funds own 29.67% of the company’s stock.
Ply Gem Holdings Company Profile
Ply Gem Holdings, Inc is a manufacturer of exterior building products in North America. The Company operates through two segments: Siding, Fencing, and Stone, and Windows and Doors. In the Siding, Fencing, and Stone segment, its principal products include vinyl siding and skirting, vinyl and aluminum soffit, aluminum trim coil, cellular PVC trim and moldings, J-channels, wide crown molding, window and door trim, F-channels, H-molds, fascia, undersill trims, outside/inside corner posts, rain removal systems, injection molded designer accents, such as shakes, shingles, scallops, shutters, vents and mounts, vinyl fence, vinyl railing and stone veneer in the United States and Canada.
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