Analysts expect Gibraltar Industries, Inc. (NASDAQ:ROCK) to post $232.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Gibraltar Industries’ earnings. The highest sales estimate is $234.20 million and the lowest is $231.10 million. Gibraltar Industries posted sales of $231.84 million during the same quarter last year, which suggests a positive year over year growth rate of 0.3%. The company is expected to issue its next quarterly earnings results on Friday, February 16th.
According to Zacks, analysts expect that Gibraltar Industries will report full-year sales of $232.65 million for the current year, with estimates ranging from $960.10 million to $963.00 million. For the next fiscal year, analysts expect that the firm will report sales of $1.00 billion per share, with estimates ranging from $993.60 million to $1.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.11. The company had revenue of $274.57 million during the quarter, compared to analysts’ expectations of $275.80 million. Gibraltar Industries had a net margin of 3.08% and a return on equity of 10.77%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Tuesday, November 7th. TheStreet upgraded shares of Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. KeyCorp reiterated a “buy” rating and issued a $39.00 price target on shares of Gibraltar Industries in a report on Sunday, October 15th. Finally, BidaskClub cut shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $42.00.
Gibraltar Industries (NASDAQ:ROCK) opened at $31.65 on Friday. The firm has a market cap of $1,002.93, a P/E ratio of 19.78 and a beta of 1.78. Gibraltar Industries has a 1-year low of $25.61 and a 1-year high of $48.05. The company has a quick ratio of 1.93, a current ratio of 2.36 and a debt-to-equity ratio of 0.41.
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A number of institutional investors and hedge funds have recently made changes to their positions in ROCK. UBS Asset Management Americas Inc. boosted its holdings in Gibraltar Industries by 87.0% during the first quarter. UBS Asset Management Americas Inc. now owns 10,975 shares of the construction company’s stock worth $452,000 after purchasing an additional 5,107 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Gibraltar Industries by 12.1% during the first quarter. Vanguard Group Inc. now owns 2,192,418 shares of the construction company’s stock worth $90,327,000 after purchasing an additional 236,562 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Gibraltar Industries by 7.2% during the first quarter. Geode Capital Management LLC now owns 267,349 shares of the construction company’s stock worth $11,014,000 after purchasing an additional 17,849 shares during the last quarter. BlackRock Inc. boosted its holdings in Gibraltar Industries by 81,038.7% during the first quarter. BlackRock Inc. now owns 3,777,007 shares of the construction company’s stock worth $155,611,000 after purchasing an additional 3,772,352 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Gibraltar Industries by 5.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 126,622 shares of the construction company’s stock worth $5,217,000 after purchasing an additional 6,834 shares during the last quarter.
About Gibraltar Industries
Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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