GCP Applied Technologies (GCP) Set to Announce Earnings on Wednesday

GCP Applied Technologies (NYSE:GCP) will release its earnings data before the market opens on Wednesday, May 8th. Analysts expect GCP Applied Technologies to post earnings of $0.08 per share for the quarter. GCP Applied Technologies has set its FY 2019 guidance at $1.03-1.14 EPS and its FY19 guidance at $1.03-1.14 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

GCP Applied Technologies (NYSE:GCP) last announced its earnings results on Wednesday, February 27th. The construction company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. GCP Applied Technologies had a net margin of 1.35% and a return on equity of 13.74%. The business had revenue of $276.00 million during the quarter, compared to analysts’ expectations of $284.36 million. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. On average, analysts expect GCP Applied Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of GCP stock opened at $28.50 on Tuesday. GCP Applied Technologies has a 12 month low of $22.49 and a 12 month high of $32.70. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 1.46 and a beta of 0.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.46 and a quick ratio of 2.06.

Separately, Zacks Investment Research cut shares of GCP Applied Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 17th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.75.

In other news, major shareholder Dalbergia Investments Llc acquired 6,990,798 shares of GCP Applied Technologies stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $28.95 per share, with a total value of $202,383,602.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.57% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.thelincolnianonline.com/2019/05/07/gcp-applied-technologies-gcp-set-to-announce-earnings-on-wednesday.html.

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.

Further Reading: Conference Calls and Individual Investors

Earnings History for GCP Applied Technologies (NYSE:GCP)

Receive News & Ratings for GCP Applied Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCP Applied Technologies and related companies with MarketBeat.com's FREE daily email newsletter.