$0.34 Earnings Per Share Expected for Gibraltar Industries Inc (ROCK) This Quarter

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.

Shares of Gibraltar Industries (ROCK) traded down $0.40 during mid-day trading on Friday, reaching $31.65. The company had a trading volume of 333,995 shares, compared to its average volume of 302,636. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41. The firm has a market cap of $1,000.00, a price-to-earnings ratio of 34.03 and a beta of 1.81. Gibraltar Industries has a twelve month low of $25.61 and a twelve month high of $44.90.

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.

WARNING: “$0.34 Earnings Per Share Expected for Gibraltar Industries Inc (ROCK) This Quarter” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2018/02/11/0-34-earnings-per-share-expected-for-gibraltar-industries-inc-rock-this-quarter.html.

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.

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply