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.

ILLEGAL ACTIVITY NOTICE: “Gibraltar Industries, Inc. (ROCK) Expected to Post Earnings of $0.54 Per Share” was first reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/14/gibraltar-industries-inc-rock-expected-to-post-earnings-of-0-54-per-share.html.

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.

Get a free copy of the Zacks research report on Gibraltar Industries (ROCK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Gibraltar Industries (NASDAQ:ROCK)

Receive News & Ratings for Gibraltar Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.