Headlines about PGT Innovations (NASDAQ:PGTI) have trended somewhat positive on Friday, AlphaOne Sentiment reports. AlphaOne, a division of Accern, identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PGT Innovations earned a news impact score of 0.23 on AlphaOne’s scale. AlphaOne also gave news stories about the construction company an impact score of 79 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the near term.
A number of brokerages have commented on PGTI. Royal Bank of Canada reduced their target price on shares of PGT Innovations from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. Zacks Investment Research raised shares of PGT Innovations from a “sell” rating to a “hold” rating in a research note on Friday, March 31st. Dougherty & Co downgraded shares of PGT Innovations from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 22nd. Finally, TheStreet downgraded shares of PGT Innovations from a “b-” rating to a “c+” rating in a research note on Thursday, March 9th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $13.00.
PGT Innovations (PGTI) traded down 0.40% during midday trading on Friday, hitting $12.35. 470,402 shares of the stock were exchanged. The firm has a 50 day moving average of $11.67 and a 200-day moving average of $11.19. PGT Innovations has a 12-month low of $9.46 and a 12-month high of $12.70. The stock has a market cap of $610.35 million, a price-to-earnings ratio of 24.80 and a beta of 0.93.
PGT Innovations (NASDAQ:PGTI) last posted its quarterly earnings results on Thursday, May 4th. The construction company reported $0.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. PGT Innovations had a net margin of 5.29% and a return on equity of 24.01%. The firm had revenue of $112.70 million for the quarter, compared to analyst estimates of $109.29 million. During the same quarter last year, the firm posted $0.09 earnings per share. PGT Innovations’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts expect that PGT Innovations will post $0.58 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “PGT Innovations (PGTI) Earning Somewhat Favorable Press Coverage, Analysis Finds” was first reported by sleekmoney and is the property of of sleekmoney. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://sleekmoney.com/pgt-innovations-pgti-earning-somewhat-favorable-press-coverage-analysis-finds/1916468.html.
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.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/pgt-innovations-pgti-earning-somewhat-favorable-press-coverage-analysis-finds/1916468.html
Receive News & Ratings for PGT Innovations Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PGT Innovations Inc and related companies with MarketBeat.com's FREE daily email newsletter.