PGT Innovations (NYSE:PGTI) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $1.05 billion-$1.13 billion, compared to the consensus revenue estimate of $1.05 billion.
Shares of PGT Innovations stock opened at $24.20 on Thursday. PGT Innovations has a 52-week low of $13.54 and a 52-week high of $28.11. The company has a quick ratio of 2.11, a current ratio of 2.71 and a debt-to-equity ratio of 0.93. The company’s 50-day simple moving average is $26.04 and its 200-day simple moving average is $22.97. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 34.08 and a beta of 1.50.
PGT Innovations (NYSE:PGTI) last released its quarterly earnings data on Thursday, May 13th. The construction company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $271.10 million for the quarter, compared to the consensus estimate of $249.42 million. PGT Innovations had a net margin of 4.49% and a return on equity of 12.09%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Equities research analysts anticipate that PGT Innovations will post 1.24 EPS for the current year.
Separately, Zacks Investment Research raised shares of PGT Innovations from a hold rating to a buy rating and set a $29.00 price objective on the stock in a report on Tuesday, May 18th.
In other PGT Innovations news, VP Brent Boydston sold 10,000 shares of the company’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $23.87, for a total value of $238,700.00. Following the sale, the vice president now owns 35,892 shares of the company’s stock, valued at $856,742.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Morgan sold 14,336 shares of the company’s stock in a transaction dated Thursday, March 11th. The shares were sold at an average price of $26.19, for a total transaction of $375,459.84. Insiders sold 39,603 shares of company stock worth $979,194 in the last ninety days. Insiders own 4.20% of the company’s stock.
PGT Innovations Company Profile
PGT Innovations, Inc, together with its subsidiaries, manufactures and supplies impact-resistant residential windows and doors in the Southeastern United States, Western United States, the Gulf Coast, Coastal mid-Atlantic, the Caribbean, Central America, and Canada. It 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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