PGT Innovations (PGTI) Issues FY18 Earnings Guidance

PGT Innovations (NYSE:PGTI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.81-0.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.72. The company issued revenue guidance of $550-575 million, compared to the consensus revenue estimate of $541.16 million.

PGT Innovations (NYSE:PGTI) opened at $17.35 on Thursday. The firm has a market cap of $874.03, a PE ratio of 22.53, a PEG ratio of 1.48 and a beta of 1.06. PGT Innovations has a 1-year low of $10.00 and a 1-year high of $17.90. The company has a current ratio of 3.67, a quick ratio of 2.71 and a debt-to-equity ratio of 1.50.

PGT Innovations (NYSE:PGTI) last announced its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $134.10 million for the quarter, compared to analyst estimates of $118.32 million. PGT Innovations had a net margin of 7.80% and a return on equity of 21.55%. The company’s revenue was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. research analysts anticipate that PGT Innovations will post 0.74 earnings per share for the current year.

PGTI has been the topic of several recent analyst reports. Dougherty & Co upgraded shares of PGT Innovations from a neutral rating to a buy rating in a report on Friday, November 3rd. B. Riley reiterated a buy rating on shares of PGT Innovations in a report on Wednesday, November 1st. Royal Bank of Canada reiterated a buy rating and set a $17.00 price objective on shares of PGT Innovations in a report on Wednesday, November 15th. Finally, Zacks Investment Research upgraded shares of PGT Innovations from a hold rating to a buy rating and set a $20.00 price objective on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. PGT Innovations has a consensus rating of Buy and an average price target of $17.80.

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PGT Innovations 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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