Brokerages predict that Gibraltar Industries Inc (NASDAQ:ROCK) will announce sales of $256.10 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Gibraltar Industries’ earnings, with estimates ranging from $255.90 million to $256.30 million. Gibraltar Industries reported sales of $240.91 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The business is scheduled to issue its next earnings results on Thursday, February 20th.
According to Zacks, analysts expect that Gibraltar Industries will report full-year sales of $1.05 billion for the current financial year. For the next fiscal year, analysts expect that the company will post 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 sell-side research analysts that cover Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Friday, October 25th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.09. The company had revenue of $299.20 million for the quarter, compared to analysts’ expectations of $290.20 million. Gibraltar Industries had a net margin of 6.20% and a return on equity of 12.74%. Gibraltar Industries’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS.
A number of equities research analysts have recently issued reports on ROCK shares. BidaskClub cut shares of Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Friday, November 8th. ValuEngine raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Sunday, October 27th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mason Street Advisors LLC grew its stake in Gibraltar Industries by 1.8% in the 3rd quarter. Mason Street Advisors LLC now owns 10,942 shares of the construction company’s stock valued at $503,000 after buying an additional 193 shares during the last quarter. Aperio Group LLC grew its stake in Gibraltar Industries by 3.1% in the 2nd quarter. Aperio Group LLC now owns 11,169 shares of the construction company’s stock valued at $451,000 after buying an additional 336 shares during the last quarter. Arizona State Retirement System grew its stake in Gibraltar Industries by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 49,954 shares of the construction company’s stock valued at $2,016,000 after buying an additional 449 shares during the last quarter. Systematic Financial Management LP grew its stake in Gibraltar Industries by 0.6% in the 3rd quarter. Systematic Financial Management LP now owns 98,350 shares of the construction company’s stock valued at $4,518,000 after buying an additional 550 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in Gibraltar Industries by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 50,303 shares of the construction company’s stock valued at $2,311,000 after buying an additional 601 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.
Shares of ROCK stock traded up $0.30 on Friday, reaching $52.65. The stock had a trading volume of 205,907 shares, compared to its average volume of 177,988. The company has a quick ratio of 1.46, a current ratio of 1.81 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average is $50.99 and its two-hundred day moving average is $43.38. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 24.60 and a beta of 1.50. Gibraltar Industries has a 12 month low of $31.96 and a 12 month high of $55.15.
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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