Analysts Anticipate PGT Innovations Inc (PGTI) Will Announce Quarterly Sales of $175.56 Million

Equities analysts expect PGT Innovations Inc (NYSE:PGTI) to report sales of $175.56 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for PGT Innovations’ earnings, with estimates ranging from $166.00 million to $184.70 million. PGT Innovations reported sales of $134.10 million during the same quarter last year, which would suggest a positive year over year growth rate of 30.9%. The firm is expected to report its next quarterly earnings results on Tuesday, February 19th.

On average, analysts expect that PGT Innovations will report full-year sales of $650.82 million for the current fiscal year, with estimates ranging from $642.70 million to $666.00 million. For the next year, analysts anticipate that the business will post sales of $783.82 million, with estimates ranging from $722.30 million to $811.19 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover PGT Innovations.

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

PGTI has been the subject of several research reports. ValuEngine raised PGT Innovations from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Deutsche Bank initiated coverage on PGT Innovations in a research note on Friday, October 19th. They issued a “buy” rating and a $26.00 target price for the company. Jefferies Financial Group initiated coverage on PGT Innovations in a research note on Thursday, October 4th. They issued a “buy” rating and a $27.00 target price for the company. Wells Fargo & Co initiated coverage on PGT Innovations in a research note on Thursday, October 4th. They issued an “outperform” rating and a $25.00 target price for the company. Finally, B. Riley lifted their target price on PGT Innovations from $20.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $22.67.

PGTI stock traded down $0.90 during midday trading on Thursday, reaching $22.43. 1,552,984 shares of the company’s stock traded hands, compared to its average volume of 1,156,197. PGT Innovations has a 1-year low of $14.07 and a 1-year high of $26.40. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.34, a P/E/G ratio of 1.08 and a beta of 0.89. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.82 and a quick ratio of 3.47.

A number of hedge funds have recently bought and sold shares of the business. Sei Investments Co. boosted its position in shares of PGT Innovations by 4,969.7% in the 1st quarter. Sei Investments Co. now owns 6,033 shares of the construction company’s stock worth $112,000 after purchasing an additional 5,914 shares during the last quarter. Cypress Capital Management LLC WY bought a new position in shares of PGT Innovations in the 2nd quarter worth $138,000. Aperio Group LLC bought a new position in shares of PGT Innovations in the 2nd quarter worth $210,000. Oppenheimer Asset Management Inc. bought a new position in PGT Innovations during the third quarter worth about $214,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in PGT Innovations during the second quarter worth about $220,000. Hedge funds and other institutional investors own 78.80% 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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