Equities research analysts expect PGT Innovations Inc (NYSE:PGTI) to post $175.70 million in sales for the current quarter, Zacks reports. Eight analysts have issued estimates for PGT Innovations’ earnings, with the lowest sales estimate coming in at $169.80 million and the highest estimate coming in at $184.00 million. PGT Innovations reported sales of $140.25 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.3%. The business is expected to announce its next earnings report before the market opens on Thursday, May 2nd.

On average, analysts expect that PGT Innovations will report full-year sales of $788.70 million for the current fiscal year, with estimates ranging from $783.80 million to $799.07 million. For the next year, analysts anticipate that the business will post sales of $833.11 million, with estimates ranging from $817.60 million to $860.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for PGT Innovations.

PGT Innovations (NYSE:PGTI) last released its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. PGT Innovations had a net margin of 7.72% and a return on equity of 22.09%. The company had revenue of $189.89 million during the quarter, compared to the consensus estimate of $173.39 million. During the same period in the previous year, the business earned $0.18 earnings per share. The firm’s quarterly revenue was up 41.6% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of PGT Innovations from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded shares of PGT Innovations from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, December 18th. Dougherty & Co reiterated a “buy” rating and issued a $22.00 price target (down from $27.00) on shares of PGT Innovations in a research report on Thursday, February 28th. JPMorgan Chase & Co. assumed coverage on shares of PGT Innovations in a research report on Tuesday, December 18th. They issued a “neutral” rating and a $19.00 price target for the company. Finally, Wells Fargo & Co downgraded shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. PGT Innovations has an average rating of “Hold” and an average price target of $23.75.

Shares of NYSE PGTI traded up $0.05 during midday trading on Friday, reaching $14.47. The company’s stock had a trading volume of 430,408 shares, compared to its average volume of 559,253. The company has a current ratio of 2.85, a quick ratio of 2.20 and a debt-to-equity ratio of 0.95. PGT Innovations has a fifty-two week low of $13.35 and a fifty-two week high of $26.40. The company has a market cap of $837.51 million, a price-to-earnings ratio of 12.27, a PEG ratio of 0.73 and a beta of 1.01.

In other news, Director Richard D. Feintuch acquired 4,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $14.54 per share, for a total transaction of $58,160.00. Following the completion of the transaction, the director now directly owns 98,300 shares in the company, valued at $1,429,282. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey T. Jackson acquired 3,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of $14.35 per share, with a total value of $43,050.00. The disclosure for this purchase can be found here. 5.80% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc increased its holdings in shares of PGT Innovations by 24.5% during the third quarter. Legal & General Group Plc now owns 122,322 shares of the construction company’s stock worth $2,637,000 after buying an additional 24,032 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of PGT Innovations by 513.9% during the fourth quarter. Two Sigma Investments LP now owns 499,669 shares of the construction company’s stock worth $7,920,000 after buying an additional 418,273 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of PGT Innovations by 24.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 79,076 shares of the construction company’s stock worth $1,156,000 after buying an additional 15,533 shares in the last quarter. Summit Global Investments increased its holdings in shares of PGT Innovations by 10.4% during the third quarter. Summit Global Investments now owns 35,000 shares of the construction company’s stock worth $756,000 after buying an additional 3,300 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of PGT Innovations by 375.6% during the third quarter. JPMorgan Chase & Co. now owns 512,578 shares of the construction company’s stock worth $11,072,000 after buying an additional 404,803 shares in the last quarter. Institutional investors and hedge funds own 92.58% of the company’s stock.

About PGT Innovations

PGT Innovations, Inc 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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Earnings History and Estimates for PGT Innovations (NYSE:PGTI)

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