GCP Applied Technologies (GCP) Set to Announce Quarterly Earnings on Tuesday

GCP Applied Technologies (NYSE:GCP) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 6th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. GCP Applied Technologies has set its FY18 guidance at $0.92-1.06 EPS.

GCP Applied Technologies (NYSE:GCP) last issued its quarterly earnings data on Tuesday, August 7th. The construction company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The firm had revenue of $302.80 million during the quarter, compared to analyst estimates of $321.80 million. GCP Applied Technologies had a return on equity of 10.57% and a net margin of 48.05%. On average, analysts expect GCP Applied Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of GCP Applied Technologies stock opened at $26.90 on Monday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 1.61 and a beta of 0.91. GCP Applied Technologies has a fifty-two week low of $23.85 and a fifty-two week high of $34.79. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.20 and a quick ratio of 1.82.

In other news, major shareholder Dalbergia Investments Llc acquired 478,252 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was acquired at an average price of $25.03 per share, for a total transaction of $11,970,647.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders acquired 2,717,663 shares of company stock valued at $68,742,698. Insiders own 0.65% of the company’s stock.

A number of research analysts have weighed in on the stock. KeyCorp decreased their price objective on shares of 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 downgraded shares of GCP Applied Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Monness Crespi & Hardt downgraded shares of GCP Applied Technologies from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research report on Wednesday, August 8th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $31.00 price objective on shares of GCP Applied Technologies in a research report on Thursday, August 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $32.75.

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 for GCP Applied Technologies (NYSE:GCP)

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