Wall Street analysts predict that Gibraltar Industries Inc (NASDAQ:ROCK) will post earnings of $0.59 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Gibraltar Industries’ earnings. Gibraltar Industries posted earnings of $0.47 per share during the same quarter last year, which suggests a positive year over year growth rate of 25.5%. The business is expected to report its next quarterly earnings results on Thursday, February 20th.
According to Zacks, analysts expect that Gibraltar Industries will report full year earnings of $2.55 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of $2.83 per share, with EPS estimates ranging from $2.80 to $2.86. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Friday, October 25th. The construction company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.09. The business had revenue of $299.20 million during the quarter, compared to analyst estimates of $290.20 million. Gibraltar Industries had a return on equity of 12.74% and a net margin of 6.20%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS.
ROCK has been the subject of a number of research analyst reports. ValuEngine upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. BidaskClub lowered Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Friday, November 8th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ROCK. Russell Investments Group Ltd. purchased a new stake in shares of Gibraltar Industries during the second quarter worth $31,000. Quantamental Technologies LLC purchased a new stake in shares of Gibraltar Industries during the second quarter worth $53,000. Bank of Montreal Can raised its holdings in shares of Gibraltar Industries by 240.0% during the second quarter. Bank of Montreal Can now owns 3,859 shares of the construction company’s stock worth $155,000 after acquiring an additional 2,724 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Gibraltar Industries during the second quarter worth $224,000. Finally, Jefferies Group LLC purchased a new stake in shares of Gibraltar Industries during the second quarter worth $303,000. Institutional investors own 99.15% of the company’s stock.
Shares of ROCK traded up $0.30 during trading hours on Wednesday, hitting $52.65. 205,907 shares of the company were exchanged, compared to its average volume of 177,988. The company has a market capitalization of $1.69 billion, a PE ratio of 24.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.81 and a quick ratio of 1.46. The firm has a fifty day simple moving average of $50.99 and a 200-day simple moving average of $43.38. Gibraltar Industries has a one year low of $31.96 and a one year high of $55.15.
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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