Gibraltar Industries, Inc. (ROCK) Expected to Post Earnings of $0.54 Per Share
Wall Street brokerages forecast that Gibraltar Industries, Inc. (NASDAQ:ROCK) will post earnings of $0.54 per share for the current quarter, Zacks reports. Two analysts have made estimates for Gibraltar Industries’ earnings. The lowest EPS estimate is $0.50 and the highest is $0.58. Gibraltar Industries reported earnings of $0.55 per share in the same quarter last year, which indicates a negative year over year growth rate of 1.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that Gibraltar Industries will report full-year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.49 to $1.60. For the next year, analysts forecast that the firm will report earnings of $1.74 per share, with EPS estimates ranging from $1.64 to $1.84. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. Gibraltar Industries had a return on equity of 10.14% and a net margin of 2.38%. The company had revenue of $247.63 million for the quarter, compared to analyst estimates of $251.97 million. During the same quarter in the previous year, the company earned $0.51 EPS. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year.
Several brokerages have commented on ROCK. Zacks Investment Research upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. BidaskClub upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Finally, KeyCorp restated an “overweight” rating and issued a $19.00 price target (down previously from $49.00) on shares of Gibraltar Industries in a research note on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.00.
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Shares of Gibraltar Industries (NASDAQ ROCK) opened at 28.75 on Monday. The firm has a 50-day moving average price of $32.32 and a 200-day moving average price of $36.72. The stock has a market cap of $911.61 million, a price-to-earnings ratio of 41.13 and a beta of 1.83. Gibraltar Industries has a one year low of $28.05 and a one year high of $48.05.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Loomis Sayles & Co. L P boosted its stake in shares of Gibraltar Industries by 42.3% in the first quarter. Loomis Sayles & Co. L P now owns 266,794 shares of the construction company’s stock worth $10,992,000 after buying an additional 79,297 shares during the last quarter. KBC Group NV boosted its stake in shares of Gibraltar Industries by 99.6% in the first quarter. KBC Group NV now owns 54,121 shares of the construction company’s stock worth $2,230,000 after buying an additional 27,004 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Gibraltar Industries by 23.8% in the first quarter. Van ECK Associates Corp now owns 70,092 shares of the construction company’s stock worth $2,888,000 after buying an additional 13,487 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Gibraltar Industries by 4.1% in the first quarter. Principal Financial Group Inc. now owns 257,768 shares of the construction company’s stock worth $10,620,000 after buying an additional 10,094 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Gibraltar Industries by 81,038.7% in the first quarter. BlackRock Inc. now owns 3,777,007 shares of the construction company’s stock worth $155,611,000 after buying an additional 3,772,352 shares during the last quarter.
About Gibraltar Industries
Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.
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