PGT Innovations (PGTI) Scheduled to Post Earnings on Thursday

Posted by on May 4th, 2023

PGT Innovations (NYSE:PGTI – Get Rating) will post its quarterly earnings results before the market opens on Thursday, May 11th. Analysts expect PGT Innovations to post earnings of $0.44 per share for the quarter. PGT Innovations has set its Q1 2023 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

PGT Innovations (NYSE:PGTI – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). PGT Innovations had a net margin of 6.63% and a return on equity of 19.35%. The company had revenue of $340.93 million for the quarter, compared to the consensus estimate of $332.00 million. During the same period last year, the firm posted $0.31 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts expect PGT Innovations to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PGT Innovations Trading Up 0.5 %

NYSE:PGTI opened at $25.47 on Thursday. The firm’s fifty day moving average is $23.51 and its 200-day moving average is $21.33. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.63 and a current ratio of 2.24. PGT Innovations has a 52 week low of $15.42 and a 52 week high of $26.93. The firm has a market cap of $1.53 billion, a P/E ratio of 15.53 and a beta of 1.46.

Insider Buying and Selling at PGT Innovations

In related news, Director Rodney Hershberger sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $21.21, for a total value of $53,025.00. Following the completion of the transaction, the director now owns 1,353,138 shares of the company’s stock, valued at $28,700,056.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other PGT Innovations news, insider Deborah L. Lapinska sold 10,000 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $25.04, for a total value of $250,400.00. Following the sale, the insider now directly owns 112,612 shares of the company’s stock, valued at $2,819,804.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rodney Hershberger sold 2,500 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $21.21, for a total transaction of $53,025.00. Following the sale, the director now directly owns 1,353,138 shares in the company, valued at $28,700,056.98. The disclosure for this sale can be found here. Insiders sold 37,500 shares of company stock worth $899,250 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On PGT Innovations

A number of institutional investors have recently modified their holdings of PGTI. Money Concepts Capital Corp acquired a new position in PGT Innovations during the 4th quarter worth approximately $27,000. Clearstead Advisors LLC purchased a new position in shares of PGT Innovations during the 3rd quarter worth $42,000. UBS Group AG raised its position in shares of PGT Innovations by 22.2% in the 3rd quarter. UBS Group AG now owns 4,524 shares of the construction company’s stock worth $95,000 after buying an additional 822 shares during the period. Tower Research Capital LLC TRC raised its position in shares of PGT Innovations by 108.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,722 shares of the construction company’s stock worth $99,000 after buying an additional 2,460 shares during the period. Finally, Captrust Financial Advisors increased its holdings in PGT Innovations by 35.0% in the 1st quarter. Captrust Financial Advisors now owns 6,136 shares of the construction company’s stock valued at $110,000 after purchasing an additional 1,591 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PGTI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of PGT Innovations from $29.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, April 3rd. StockNews.com cut shares of PGT Innovations from a “buy” rating to a “hold” rating in a report on Monday, April 3rd.

About PGT Innovations

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PGT Innovations, Inc engages in the manufacture and supply of windows and doors under the brand names PGT Custom Windows + Doors, CGI, WinDoor, Western Window Systems, Eze-Breeze, and CGI Commercial. It operates through the Southeast and Western geographical segments. The company was founded by Rodney Hershberger in 1980 and is headquartered in Nokomis, FL.

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Earnings History for PGT Innovations (NYSE:PGTI)

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