GCP Applied Technologies Inc. (NYSE:GCP) – Investment analysts at Jefferies Group reduced their FY2016 earnings estimates for GCP Applied Technologies in a note issued to investors on Tuesday. Jefferies Group analyst L. Alexander now forecasts that the brokerage will post earnings of $1.40 per share for the year, down from their prior forecast of $1.50. Jefferies Group has a “Buy” rating and a $33.00 price objective on the stock. Jefferies Group also issued estimates for GCP Applied Technologies’ Q1 2017 earnings at $0.34 EPS, Q2 2017 earnings at $0.50 EPS, Q3 2017 earnings at $0.43 EPS, Q4 2017 earnings at $0.38 EPS and FY2018 earnings at $1.85 EPS.

GCP Applied Technologies (NYSE:GCP) last issued its earnings results on Wednesday, November 9th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.06. The firm earned $342.50 million during the quarter, compared to analysts’ expectations of $362.50 million. GCP Applied Technologies had a return on equity of 1,424.27% and a net margin of 5.61%.

Earnings History and Estimates for GCP Applied Technologies (NYSE:GCP)

Separately, Zacks Investment Research upgraded shares of GCP Applied Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $25.67.

GCP Applied Technologies (NYSE:GCP) opened at 27.50 on Wednesday. GCP Applied Technologies has a 12 month low of $14.47 and a 12 month high of $30.12. The stock has a market capitalization of $1.95 billion and a price-to-earnings ratio of 25.44. The company has a 50 day moving average price of $26.50 and a 200 day moving average price of $26.40.

Institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its position in GCP Applied Technologies by 88.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 242,795 shares of the company’s stock valued at $6,323,000 after buying an additional 113,732 shares during the last quarter. Amalgamated Bank purchased a new position in GCP Applied Technologies during the second quarter valued at $206,000. Legal & General Group Plc boosted its position in GCP Applied Technologies by 181.0% in the second quarter. Legal & General Group Plc now owns 12,739 shares of the company’s stock valued at $327,000 after buying an additional 8,205 shares during the last quarter. Kimelman & Baird LLC purchased a new position in GCP Applied Technologies during the second quarter valued at $226,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in GCP Applied Technologies by 836.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 51,052 shares of the company’s stock valued at $1,329,000 after buying an additional 45,598 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

GCP Applied Technologies Company Profile

GCP Applied Technologies Inc (GCP) is engaged in the production and sale of specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through three segments: Specialty Construction Chemicals (SCC), Specialty Building Materials (SBM) and Darex Packaging Technologies (Darex).

5 Day Chart for NYSE:GCP

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