$117.17 Million in Sales Expected for PGT, Inc. (PGTI) This Quarter

Equities analysts expect PGT, Inc. (NYSE:PGTI) to post sales of $117.17 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for PGT’s earnings, with the lowest sales estimate coming in at $114.30 million and the highest estimate coming in at $119.90 million. PGT reported sales of $109.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The firm is scheduled to report its next earnings report on Tuesday, February 20th.

On average, analysts expect that PGT will report full year sales of $117.17 million for the current year, with estimates ranging from $495.00 million to $503.78 million. For the next year, analysts expect that the company will post sales of $539.08 million per share, with estimates ranging from $527.60 million to $549.11 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover PGT.

PGT (NYSE:PGTI) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The firm had revenue of $126.90 million for the quarter, compared to analysts’ expectations of $129.82 million. PGT had a return on equity of 19.02% and a net margin of 4.87%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share.

Several analysts have recently issued reports on PGTI shares. Raymond James Financial, Inc. cut PGT from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. BidaskClub lowered PGT from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. B. Riley restated a “buy” rating on shares of PGT in a report on Wednesday, November 1st. Dougherty & Co upgraded PGT from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. Finally, FBR & Co restated a “buy” rating and set a $15.00 price target (up previously from $13.00) on shares of PGT in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $16.67.

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A number of large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its holdings in PGT by 9.2% during the 3rd quarter. Royce & Associates LP now owns 1,256,048 shares of the construction company’s stock valued at $18,778,000 after buying an additional 105,700 shares during the period. OxFORD Asset Management LLP raised its holdings in PGT by 16.5% during the 3rd quarter. OxFORD Asset Management LLP now owns 101,005 shares of the construction company’s stock valued at $1,506,000 after buying an additional 14,315 shares during the period. Dimensional Fund Advisors LP grew its position in PGT by 3.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,526,455 shares of the construction company’s stock valued at $37,770,000 after acquiring an additional 74,185 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in PGT by 7.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 226,166 shares of the construction company’s stock valued at $3,382,000 after acquiring an additional 14,717 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in PGT in the 3rd quarter valued at $170,000. Institutional investors own 94.06% of the company’s stock.

Shares of PGT (NYSE PGTI) traded down $0.20 on Thursday, hitting $15.15. The stock had a trading volume of 217,200 shares, compared to its average volume of 320,198. The stock has a market cap of $767.26, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. PGT has a twelve month low of $10.00 and a twelve month high of $15.38. The company has a quick ratio of 2.71, a current ratio of 3.67 and a debt-to-equity ratio of 1.50.

PGT Company Profile

PGT Innovations, Inc, formerly PGT, Inc, is a manufacturer of impact-resistant windows and doors. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. CGI serves residential and commercial markets in both new and existing construction. CGI manufacturing and delivery facilities are based in Miami, Florida.

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