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.

ROCK has been the subject of several recent research reports. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Tuesday, November 7th. TheStreet raised Gibraltar Industries from a “c” rating to a “b-” rating in a report on Friday, November 3rd. Finally, KeyCorp reissued a “buy” rating and set a $39.00 price objective on shares of Gibraltar Industries in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $42.00.

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.

ILLEGAL ACTIVITY NOTICE: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/12/07/232-65-million-in-sales-expected-for-gibraltar-industries-inc-rock-this-quarter.html.

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.

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.