Zacks: Brokerages Expect Gibraltar Industries Inc (ROCK) to Post $0.40 EPS

Equities research analysts predict that Gibraltar Industries Inc (NASDAQ:ROCK) will report earnings per share of $0.40 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Gibraltar Industries’ earnings. Gibraltar Industries posted earnings per share of $0.41 in the same quarter last year, which suggests a negative year over year growth rate of 2.4%. The company is expected to announce its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Gibraltar Industries will report full-year earnings of $2.07 per share for the current fiscal year. For the next year, analysts expect that the company will report earnings of $2.43 per share, with EPS estimates ranging from $2.20 to $2.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Thursday, November 1st. The construction company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. Gibraltar Industries had a return on equity of 12.23% and a net margin of 7.44%. The business had revenue of $280.10 million during the quarter, compared to the consensus estimate of $287.93 million. During the same quarter last year, the company earned $0.67 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year.

Several research firms have weighed in on ROCK. BidaskClub raised Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 22nd. Zacks Investment Research cut Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Finally, ValuEngine cut Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Monday, October 8th.

NASDAQ ROCK traded up $0.01 during trading hours on Friday, hitting $36.40. The company had a trading volume of 182,500 shares, compared to its average volume of 206,238. Gibraltar Industries has a 52 week low of $30.06 and a 52 week high of $49.10. The company has a quick ratio of 2.27, a current ratio of 2.78 and a debt-to-equity ratio of 0.36. The company has a market cap of $1.16 billion, a P/E ratio of 21.29 and a beta of 1.62.

Large investors have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Gibraltar Industries by 46.8% in the 2nd quarter. FMR LLC now owns 1,799,845 shares of the construction company’s stock valued at $67,495,000 after acquiring an additional 573,750 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Gibraltar Industries in the 3rd quarter valued at about $275,000. Stone Ridge Asset Management LLC raised its holdings in shares of Gibraltar Industries by 26.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 7,426 shares of the construction company’s stock valued at $339,000 after buying an additional 1,574 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Gibraltar Industries by 9.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 240,121 shares of the construction company’s stock valued at $9,005,000 after buying an additional 20,492 shares in the last quarter. Finally, WINTON GROUP Ltd raised its holdings in shares of Gibraltar Industries by 49.2% during the 3rd quarter. WINTON GROUP Ltd now owns 209,714 shares of the construction company’s stock valued at $9,563,000 after buying an additional 69,140 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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