Equities research analysts expect Gibraltar Industries Inc (NASDAQ:ROCK) to report earnings per share (EPS) of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Gibraltar Industries’ earnings. The highest EPS estimate is $0.37 and the lowest is $0.31. Gibraltar Industries reported earnings of $0.30 per share during the same quarter last year, which would indicate a positive year over year growth rate of 13.3%. The company is scheduled to report its next earnings results before the market opens on Thursday, February 22nd.
According to Zacks, analysts expect that Gibraltar Industries will report full-year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.62 to $1.67. For the next year, analysts anticipate that the firm will post earnings of $1.79 per share, with EPS estimates ranging from $1.72 to $1.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Gibraltar Industries.
ROCK has been the topic of several recent analyst reports. BidaskClub raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, November 7th. TheStreet raised Gibraltar Industries from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. Finally, 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. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $42.00.
Institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its stake in Gibraltar Industries by 50.8% in the third quarter. BNP Paribas Arbitrage SA now owns 15,795 shares of the construction company’s stock worth $492,000 after purchasing an additional 5,320 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Gibraltar Industries by 26.0% during the third quarter. Wells Fargo & Company MN now owns 116,450 shares of the construction company’s stock worth $3,628,000 after acquiring an additional 24,057 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Gibraltar Industries by 215.4% during the second quarter. Voya Investment Management LLC now owns 42,676 shares of the construction company’s stock worth $1,521,000 after acquiring an additional 29,144 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Gibraltar Industries by 55.4% during the third quarter. Citadel Advisors LLC now owns 59,167 shares of the construction company’s stock worth $1,843,000 after acquiring an additional 21,086 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Gibraltar Industries during the third quarter worth $750,000.
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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