$274.90 Million in Sales Expected for Gibraltar Industries, Inc. (ROCK) This Quarter
Wall Street analysts expect that Gibraltar Industries, Inc. (NASDAQ:ROCK) will announce $274.90 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Gibraltar Industries’ earnings, with estimates ranging from $272.20 million to $277.60 million. Gibraltar Industries reported sales of $272.73 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.8%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Friday, November 3rd.
According to Zacks, analysts expect that Gibraltar Industries will report full year sales of $274.90 million for the current financial year, with estimates ranging from $971.10 million to $971.60 million. For the next year, analysts anticipate that the company will report sales of $1.02 billion per share, with estimates ranging from $1.01 billion to $1.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Gibraltar Industries had a net margin of 2.38% and a return on equity of 10.14%. The firm had revenue of $247.63 million for the quarter, compared to the consensus estimate of $251.97 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was down 6.8% compared to the same quarter last year.
A number of analysts recently weighed in on ROCK shares. BidaskClub upgraded shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, KeyCorp restated a “buy” rating and set a $39.00 target price on shares of Gibraltar Industries in a research note on Sunday, October 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $44.50.
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Gibraltar Industries (ROCK) opened at 32.55 on Monday. The stock has a 50 day moving average of $30.97 and a 200-day moving average of $32.36. Gibraltar Industries has a 12 month low of $25.61 and a 12 month high of $48.05. The stock has a market cap of $1.03 billion, a P/E ratio of 46.57 and a beta of 1.77.
Several hedge funds have recently added to or reduced their stakes in ROCK. Crossmark Global Holdings Inc. purchased a new position in Gibraltar Industries in the third quarter valued at approximately $327,000. Phocas Financial Corp. increased its stake in Gibraltar Industries by 4.7% in the second quarter. Phocas Financial Corp. now owns 312,304 shares of the construction company’s stock valued at $11,134,000 after purchasing an additional 13,937 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in Gibraltar Industries in the second quarter valued at approximately $25,836,000. Tower Research Capital LLC TRC purchased a new position in Gibraltar Industries in the second quarter valued at approximately $147,000. Finally, The Manufacturers Life Insurance Company increased its stake in Gibraltar Industries by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 24,963 shares of the construction company’s stock valued at $889,000 after purchasing an additional 710 shares during the last quarter.
Gibraltar Industries Company Profile
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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