PGT Innovations (PGTI) Receives Daily News Sentiment Score of 0.37
Headlines about PGT Innovations (NASDAQ:PGTI) have been trending positive on Saturday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PGT Innovations earned a news impact score of 0.37 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 46.6071430497315 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
- FY2018 Earnings Estimate for PGT Innovations Inc (PGTI) Issued By Gabelli (americanbankingnews.com)
- PGT Innovations : Team of Experts to Assess Building Damage Following Hurricane Irma (4-traders.com)
- PGT Innovations (PGTI) Sales Assets Worth $28M to Cardinal … – Nasdaq (nasdaq.com)
- PGT Innovations Team of Experts to Assess Building Damage Following Hurricane Irma (businesswire.com)
- Equities Analysts Offer Predictions for PGT Innovations Inc’s FY2017 Earnings (PGTI) (americanbankingnews.com)
PGT Innovations (NASDAQ PGTI) traded up 0.67% during trading on Friday, reaching $14.95. 270,789 shares of the company were exchanged. PGT Innovations has a 52-week low of $9.50 and a 52-week high of $14.98. The firm has a market cap of $741.55 million, a price-to-earnings ratio of 26.74 and a beta of 0.93. The firm has a 50-day moving average of $13.35 and a 200-day moving average of $11.99.
PGT Innovations (NASDAQ:PGTI) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. The firm had revenue of $137.38 million during the quarter, compared to analysts’ expectations of $127.79 million. PGT Innovations had a net margin of 7.46% and a return on equity of 28.98%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. On average, equities analysts forecast that PGT Innovations will post $0.59 EPS for the current year.
PGTI has been the subject of a number of research reports. Raymond James Financial, Inc. cut shares of PGT Innovations from an “outperform” rating to a “market perform” rating in a report on Friday, August 4th. FBR & Co reaffirmed a “buy” rating and issued a $15.00 price objective (up previously from $13.00) on shares of PGT Innovations in a research note on Monday, August 21st. TheStreet raised shares of PGT Innovations from a “c+” rating to a “b-” rating in a research note on Thursday, June 22nd. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of PGT Innovations in a research note on Tuesday, September 12th. Finally, BidaskClub raised shares of PGT Innovations from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. PGT Innovations presently has a consensus rating of “Hold” and an average price target of $14.00.
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In related news, Director Brett N. Milgrim sold 8,322 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $13.33, for a total transaction of $110,932.26. Following the completion of the transaction, the director now owns 64,654 shares in the company, valued at $861,837.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brett N. Milgrim sold 8,894 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $13.10, for a total transaction of $116,511.40. Following the transaction, the director now owns 55,760 shares of the company’s stock, valued at approximately $730,456. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,675 shares of company stock valued at $879,808. Corporate insiders own 6.50% of the company’s stock.
About PGT Innovations
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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