How Have the Numbers Shaped Up for GCP Applied Technologies (NYSE:GCP)

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Earnings results for GCP Applied Technologies (NYSE:GCP)

GCP Applied Technologies Inc. is expected* to report earnings on 11/06/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.2. The reported EPS for the same quarter last year was $0.28.

GCP Applied Technologies last released its earnings results on August 5th, 2020. The construction company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.10. The business earned $195.40 million during the quarter, compared to the consensus estimate of $182 million. Its revenue for the quarter was down 25.5% compared to the same quarter last year. GCP Applied Technologies has generated $0.81 earnings per share over the last year and currently has a price-to-earnings ratio of 75.6. GCP Applied Technologies has confirmed that its next quarterly earnings report will be published on Friday, November 6th, 2020.

Analyst Opinion on GCP Applied Technologies (NYSE:GCP)

1 Wall Street analysts have issued ratings and price targets for GCP Applied Technologies in the last 12 months. Their average twelve-month price target is $19.00, predicting that the stock has a possible downside of 18.98%. The high price target for GCP is $19.00 and the low price target for GCP is $19.00. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

GCP Applied Technologies has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $19.00, GCP Applied Technologies has a forecasted downside of 19.0% from its current price of $23.45. GCP Applied Technologies has received no research coverage in the past 90 days.

Dividend Strength: GCP Applied Technologies (NYSE:GCP)

GCP Applied Technologies does not currently pay a dividend. GCP Applied Technologies does not have a long track record of dividend growth.

Insiders buying/selling: GCP Applied Technologies (NYSE:GCP)

In the past three months, GCP Applied Technologies insiders have not sold or bought any company stock. Only 1.57% of the stock of GCP Applied Technologies is held by insiders. 69.59% of the stock of GCP Applied Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of GCP Applied Technologies (NYSE:GCP

Earnings for GCP Applied Technologies are expected to grow by 39.34% in the coming year, from $0.61 to $0.85 per share. The P/E ratio of GCP Applied Technologies is 75.65, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.72. The P/E ratio of GCP Applied Technologies is 75.65, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 31.57. GCP Applied Technologies has a P/B Ratio of 3.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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