Gibraltar Industries (NASDAQ:ROCK) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.23-0.28 for the period, compared to the Thomson Reuters consensus estimate of $0.30. The company issued revenue guidance of $213-220 million, compared to the consensus revenue estimate of $215.40 million.Gibraltar Industries also updated its FY18 guidance to $1.96-2.08 EPS.
Gibraltar Industries (ROCK) traded up $3.55 on Friday, reaching $35.30. 601,800 shares of the company traded hands, compared to its average volume of 302,507. The stock has a market capitalization of $1,006.10, a PE ratio of 38.37 and a beta of 1.81. Gibraltar Industries has a 52 week low of $25.61 and a 52 week high of $42.75. The company has a quick ratio of 1.93, a current ratio of 2.36 and a debt-to-equity ratio of 0.41.
Gibraltar Industries (NASDAQ:ROCK) last posted its earnings results on Thursday, February 22nd. The construction company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.07. The company had revenue of $258.11 million during the quarter, compared to analysts’ expectations of $232.50 million. Gibraltar Industries had a net margin of 3.08% and a return on equity of 10.77%. Gibraltar Industries’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. analysts anticipate that Gibraltar Industries will post 1.64 earnings per share for the current year.
Several equities analysts recently weighed in on ROCK shares. BidaskClub raised shares of Gibraltar Industries from a sell rating to a hold rating in a research note on Wednesday, December 27th. KeyCorp reissued a buy rating and issued a $39.00 price objective on shares of Gibraltar Industries in a research note on Friday, November 17th. TheStreet raised shares of Gibraltar Industries from a c rating to a b- rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Gibraltar Industries from a buy rating to a hold rating in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $42.00.
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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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