GCP Applied Technologies Inc (NYSE:GCP) – Analysts at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for shares of GCP Applied Technologies in a research report issued to clients and investors on Wednesday, February 27th. KeyCorp analyst M. Sison anticipates that the construction company will post earnings of $0.05 per share for the quarter. KeyCorp also issued estimates for GCP Applied Technologies’ Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.32 EPS and FY2020 earnings at $1.30 EPS.
Get GCP Applied Technologies alerts:Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered GCP Applied Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 17th. CL King reiterated a “neutral” rating on shares of GCP Applied Technologies in a research report on Thursday, December 13th. Finally, Seaport Global Securities lowered GCP Applied Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 14th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. GCP Applied Technologies currently has a consensus rating of “Hold” and an average target price of $31.75.
NYSE GCP opened at $30.18 on Friday. GCP Applied Technologies has a 12 month low of $22.49 and a 12 month high of $32.70. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 1.34 and a beta of 0.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.92 and a current ratio of 2.31.
GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. GCP Applied Technologies had a positive return on equity of 12.89% and a negative net margin of 8.19%. The firm had revenue of $276.00 million for the quarter, compared to analyst estimates of $284.36 million. During the same quarter in the previous year, the company posted $0.24 EPS. The business’s revenue was down 4.7% on a year-over-year basis.
In related news, CEO Gregory E. Poling sold 32,162 shares of the company’s stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $25.70, for a total transaction of $826,563.40. Following the sale, the chief executive officer now owns 78,504 shares in the company, valued at approximately $2,017,552.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Whitener Capital Management Inc. raised its stake in shares of GCP Applied Technologies by 193.0% in the fourth quarter. Whitener Capital Management Inc. now owns 1,670 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,100 shares during the last quarter. Bank of Montreal Can raised its stake in shares of GCP Applied Technologies by 15.5% in the fourth quarter. Bank of Montreal Can now owns 3,617 shares of the construction company’s stock worth $89,000 after purchasing an additional 485 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in shares of GCP Applied Technologies in the fourth quarter worth approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of GCP Applied Technologies by 19.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,708 shares of the construction company’s stock worth $116,000 after purchasing an additional 773 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of GCP Applied Technologies in the fourth quarter worth approximately $155,000. 82.13% of the stock is owned by hedge funds and other institutional investors.
GCP Applied Technologies Company Profile
GCP Applied Technologies Inc produces and sells specialty construction chemicals and specialty building materials worldwide. Its Specialty Construction Chemicals segment offers concrete admixtures under the CONCERA, CLARENA, ADVA, STRUX, MIRA, TYTRO, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management system under the VERIFI and DUCTILCRETE brands; and cement additives under the OPTEVA HE, TAVERO VM, CBA, SYNCHRO, HEA2, TDA, and ESE brands.
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