$232.65 Million in Sales Expected for Gibraltar Industries, Inc. (ROCK) This Quarter
Brokerages predict that Gibraltar Industries, Inc. (NASDAQ:ROCK) will post $232.65 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Gibraltar Industries’ earnings. The lowest sales estimate is $231.10 million and the highest is $234.20 million. Gibraltar Industries reported sales of $231.84 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.3%. The business is expected to issue its next earnings report on Friday, February 16th.
On average, analysts expect that Gibraltar Industries will report full year sales of $232.65 million for the current year, with estimates ranging from $960.10 million to $963.00 million. For the next fiscal year, analysts anticipate that the company will post sales of $1.00 billion per share, with estimates ranging from $993.60 million to $1.01 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Friday, November 3rd. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.11. Gibraltar Industries had a net margin of 3.08% and a return on equity of 10.77%. The business had revenue of $274.57 million during the quarter, compared to the consensus estimate of $275.80 million. During the same quarter last year, the firm posted $0.55 EPS. Gibraltar Industries’s revenue was up .7% compared to the same quarter last year.
Gibraltar Industries (NASDAQ:ROCK) traded up $0.20 during midday trading on Thursday, hitting $31.25. The stock had a trading volume of 334,000 shares, compared to its average volume of 246,273. The company has a market cap of $983.92, a PE ratio of 19.41 and a beta of 1.77. Gibraltar Industries has a 12 month low of $25.61 and a 12 month high of $45.85. The company has a quick ratio of 1.93, a current ratio of 2.36 and a debt-to-equity ratio of 0.41.
A number of hedge funds have recently bought and sold shares of ROCK. Pzena Investment Management LLC boosted its holdings in shares of Gibraltar Industries by 133.5% in the 3rd quarter. Pzena Investment Management LLC now owns 1,852,838 shares of the construction company’s stock worth $57,716,000 after purchasing an additional 1,059,175 shares during the period. Westwood Holdings Group Inc. bought a new stake in shares of Gibraltar Industries during the 2nd quarter worth approximately $25,836,000. Aberdeen Asset Management PLC UK lifted its stake in shares of Gibraltar Industries by 56.6% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,739,266 shares of the construction company’s stock worth $62,005,000 after acquiring an additional 628,640 shares during the last quarter. FMR LLC lifted its stake in shares of Gibraltar Industries by 63.7% during the 2nd quarter. FMR LLC now owns 1,307,993 shares of the construction company’s stock worth $46,630,000 after acquiring an additional 509,133 shares during the last quarter. Finally, HCSF Management LLC lifted its stake in shares of Gibraltar Industries by 63.8% during the 2nd quarter. HCSF Management LLC now owns 422,404 shares of the construction company’s stock worth $15,059,000 after acquiring an additional 164,500 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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