Equities analysts expect that Gibraltar Industries Inc (NASDAQ:ROCK) will report $256.10 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Gibraltar Industries’ earnings, with the lowest sales estimate coming in at $255.90 million and the highest estimate coming in at $256.30 million. Gibraltar Industries posted sales of $240.91 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The company is expected to announce its next quarterly earnings report on Thursday, February 20th.
On average, analysts expect that Gibraltar Industries will report full year sales of $1.05 billion for the current fiscal year. For the next financial year, analysts expect that the company will report sales of $1.09 billion, with estimates ranging from $1.08 billion to $1.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Friday, October 25th. The construction company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.86 by $0.09. Gibraltar Industries had a net margin of 6.20% and a return on equity of 12.74%. The firm had revenue of $299.20 million for the quarter, compared to analyst estimates of $290.20 million. During the same period last year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year.
Several analysts have recently weighed in on ROCK shares. ValuEngine upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th. KeyCorp lifted their price objective on shares of Gibraltar Industries from $45.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, October 28th. Finally, BidaskClub lowered shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Gibraltar Industries currently has a consensus rating of “Hold” and a consensus price target of $46.33.
Shares of ROCK traded down $0.16 during mid-day trading on Wednesday, reaching $52.79. The company had a trading volume of 149,200 shares, compared to its average volume of 174,007. The company’s 50 day simple moving average is $47.56 and its 200 day simple moving average is $41.78. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 24.67 and a beta of 1.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.46 and a current ratio of 1.81. Gibraltar Industries has a 1-year low of $31.96 and a 1-year high of $55.15.
Large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in Gibraltar Industries by 91.5% during the 1st quarter. First Trust Advisors LP now owns 45,157 shares of the construction company’s stock valued at $1,834,000 after purchasing an additional 21,582 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Gibraltar Industries during the 2nd quarter valued at $265,000. AE Wealth Management LLC increased its stake in Gibraltar Industries by 88.7% during the 2nd quarter. AE Wealth Management LLC now owns 11,547 shares of the construction company’s stock valued at $466,000 after purchasing an additional 5,428 shares in the last quarter. Arizona State Retirement System increased its stake in Gibraltar Industries by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 49,954 shares of the construction company’s stock valued at $2,016,000 after purchasing an additional 449 shares in the last quarter. Finally, Aperio Group LLC increased its stake in Gibraltar Industries by 3.1% during the 2nd quarter. Aperio Group LLC now owns 11,169 shares of the construction company’s stock valued at $451,000 after purchasing an additional 336 shares in the last quarter.
Gibraltar Industries Company Profile
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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