GCP Applied Technologies Inc (NYSE:GCP) – Equities research analysts at Seaport Global Securities boosted their FY2019 earnings per share estimates for shares of GCP Applied Technologies in a report released on Wednesday, November 6th. Seaport Global Securities analyst M. Harrison now forecasts that the construction company will earn $0.78 per share for the year, up from their previous estimate of $0.73. Seaport Global Securities also issued estimates for GCP Applied Technologies’ Q4 2019 earnings at $0.25 EPS.
Several other brokerages also recently weighed in on GCP. Zacks Investment Research raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. ValuEngine raised GCP Applied Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
Shares of GCP stock opened at $23.44 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.84 and a quick ratio of 2.31. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.59 and a beta of 0.86. The stock has a 50 day simple moving average of $20.41 and a 200-day simple moving average of $22.29. GCP Applied Technologies has a 1-year low of $16.51 and a 1-year high of $31.74.
GCP Applied Technologies (NYSE:GCP) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The business had revenue of $266.90 million for the quarter, compared to analyst estimates of $270.05 million. GCP Applied Technologies had a return on equity of 13.16% and a net margin of 6.95%. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS.
Several hedge funds have recently made changes to their positions in GCP. Starboard Value LP raised its stake in shares of GCP Applied Technologies by 67.4% during the 2nd quarter. Starboard Value LP now owns 5,322,694 shares of the construction company’s stock worth $120,506,000 after buying an additional 2,142,694 shares during the period. Nuveen Asset Management LLC raised its stake in shares of GCP Applied Technologies by 2,475.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,077,629 shares of the construction company’s stock worth $23,344,000 after buying an additional 1,035,792 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of GCP Applied Technologies by 24.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 4,208,732 shares of the construction company’s stock worth $95,286,000 after buying an additional 816,938 shares during the period. Indaba Capital Management L.P. acquired a new position in shares of GCP Applied Technologies during the 2nd quarter worth approximately $13,975,000. Finally, Nuance Investments LLC acquired a new position in shares of GCP Applied Technologies during the 2nd quarter worth approximately $9,179,000. 71.36% of the stock is owned by institutional investors and hedge funds.
About GCP Applied Technologies
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 and engineered systems 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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