Gibraltar Industries, Inc. (ROCK) Issues Earnings Results, Beats Expectations By $0.11 EPS
Gibraltar Industries, Inc. (NASDAQ:ROCK) issued its quarterly earnings data on Friday. The construction company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.11, Bloomberg Earnings reports. The firm had revenue of $274.57 million for the quarter, compared to analysts’ expectations of $275.80 million. Gibraltar Industries had a net margin of 2.38% and a return on equity of 10.14%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. Gibraltar Industries updated its Q4 guidance to $0.29-0.36 EPS.
Gibraltar Industries (NASDAQ ROCK) traded up $0.52 during trading on Friday, hitting $33.03. 313,331 shares of the company’s stock traded hands, compared to its average volume of 169,246. The company has a market capitalization of $1,033.36, a price-to-earnings ratio of 22.09 and a beta of 1.78.
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ROCK has been the topic of a number of research reports. BidaskClub cut shares of Gibraltar Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. KeyCorp reissued a “buy” rating and issued a $39.00 price objective on shares of Gibraltar Industries in a research note on Sunday, October 15th. Finally, Zacks Investment Research raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. One investment 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’s stock. The stock presently has an average rating of “Hold” and an average target price of $44.50.
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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