GCP Applied Technologies Inc. (NYSE:GCP) is scheduled to issue its quarterly earnings data before the market opens on Thursday, August 3rd. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
GCP Applied Technologies (NYSE:GCP) last posted its quarterly earnings results on Tuesday, May 9th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.25. GCP Applied Technologies had a net margin of 2.99% and a negative return on equity of 53.77%. The company had revenue of $225.30 million for the quarter, compared to analyst estimates of $314.30 million. On average, analysts expect GCP Applied Technologies to post $0.8 EPS for the current fiscal year and $1.12 EPS for the next fiscal year.
GCP Applied Technologies Inc. (GCP) traded down 2.42% during midday trading on Thursday, hitting $30.20. 72,295 shares of the stock were exchanged. GCP Applied Technologies Inc. has a 52 week low of $25.10 and a 52 week high of $34.22. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 56.24 and a beta of 0.79. The firm’s 50-day moving average is $30.68 and its 200 day moving average is $30.35.
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Several research firms have recently issued reports on GCP. Zacks Investment Research upgraded shares of GCP Applied Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. KeyCorp upgraded shares of GCP Applied Technologies from a “sector weight” rating to an “overweight” rating and set a $36.00 target price for the company in a report on Thursday, June 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.50.
About GCP Applied Technologies
GCP Applied Technologies Inc produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings. The Company operates through three segments: Specialty Construction Chemicals, Specialty Building Materials and Darex Packaging Technologies. The Specialty Construction Chemicals segment manufactures and markets products to manage performance of Portland cement, and materials based on Portland cement, such as concrete admixtures and cement additives, as well as concrete production management systems.
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