PGT (PGTI) Releases Earnings Results, Reports EPS of $0.15 EPS

PGT (PGTI) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.15 EPS for the quarter. Analysts had a consensus estimate of $0.15. The company posted revenue of $119.00 million in the period, compared to analysts expectations of $124.48 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on PGT. FBR Capital Initiated PGT on Jun 1, 2016 to “Outperform”, Price Target of the shares are set at $14.50.Gabelli & Co Initiated PGT on May 9, 2016 to “Buy”, Price Target of the shares are set at $15.

PGT closed down -0.26 points or -2.12% at $12.01 with 3,67,602 shares getting traded on Tusday. Post opening the session at $12.23, the shares hit an intraday low of $11.99 and an intraday high of $12.27 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jul 28, 2016, Rodney Hershberger (CHAIRMAN and CEO) sold 55,803 shares at $12.07 per share price. According to the SEC, on Dec 9, 2015, Todd A Antonelli (Vice President) sold 145,000 shares at $11.34 per share price. On Oct 27, 2015, Bradley R West (Vice President and CFO) sold 20,000 shares at $14.01 per share price, according to the Form-4 filing with the securities and exchange commission.

PGT Inc. is a manufacturer and supplier of residential impact-resistant windows and doors. The Company’s impact-resistant products are marketed under WinGuard PremierVue PGT Architectural Systems and PGT Commercial Storefront System brand names combine heavy-duty aluminum or vinyl frames with laminated glass to provide protection from hurricane-force winds and wind-borne debris by maintaining their structural integrity and preventing penetration by impacting objects. The Company also manufactures non-impact resistant products in both aluminum and vinyl frames including its SpectraGuard line of products. The Company conducts business in the Southeastern United States Gulf Coast Coastal mid-Atlantic the Caribbean Central America and Canada.


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