Analysts forecast that Gibraltar Industries Inc (NASDAQ:ROCK) will post sales of $261.90 million for the current quarter, Zacks reports. Two analysts have provided estimates for Gibraltar Industries’ earnings, with the highest sales estimate coming in at $263.50 million and the lowest estimate coming in at $260.30 million. Gibraltar Industries reported sales of $247.63 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The firm is expected to report its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Gibraltar Industries will report full year sales of $1.03 billion for the current year. For the next financial year, analysts forecast that the firm will post sales of $1.07 billion per share, with estimates ranging from $1.06 billion to $1.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Friday, May 4th. The construction company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Gibraltar Industries had a net margin of 6.72% and a return on equity of 11.08%. The business had revenue of $216.30 million for the quarter, compared to analyst estimates of $215.63 million. During the same quarter last year, the firm posted $0.20 earnings per share. Gibraltar Industries’s revenue was up 4.7% on a year-over-year basis.
Several brokerages have recently weighed in on ROCK. BidaskClub upgraded shares of Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 31st. Zacks Investment Research upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, May 30th. Finally, ValuEngine upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Monday, May 7th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Gibraltar Industries presently has an average rating of “Buy” and a consensus price target of $42.00.
Shares of Gibraltar Industries opened at $40.20 on Wednesday, Marketbeat reports. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 0.39. Gibraltar Industries has a twelve month low of $25.61 and a twelve month high of $40.70. The stock has a market cap of $1.28 billion, a PE ratio of 23.51 and a beta of 1.85.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in Gibraltar Industries in the first quarter valued at about $116,000. US Bancorp DE boosted its position in Gibraltar Industries by 54.4% in the first quarter. US Bancorp DE now owns 3,977 shares of the construction company’s stock valued at $134,000 after buying an additional 1,402 shares in the last quarter. Xact Kapitalforvaltning AB acquired a new position in Gibraltar Industries in the first quarter valued at about $230,000. Trexquant Investment LP acquired a new position in Gibraltar Industries in the first quarter valued at about $233,000. Finally, Global X Management Co. LLC acquired a new position in Gibraltar Industries in the first quarter valued at about $260,000.
About Gibraltar Industries
Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.
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