Wall Street analysts expect that Gibraltar Industries, Inc. (NASDAQ:ROCK) will report sales of $232.65 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Gibraltar Industries’ earnings, with the lowest sales estimate coming in at $231.10 million and the highest estimate coming in at $234.20 million. Gibraltar Industries reported sales of $231.84 million during the same quarter last year, which indicates a positive year over year growth rate of 0.3%. The firm is scheduled to issue its next earnings results on Friday, February 16th.
According to Zacks, analysts expect that Gibraltar Industries will report full-year sales of $232.65 million for the current fiscal year, with estimates ranging from $960.10 million to $963.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $1.00 billion per share, with estimates ranging from $993.60 million to $1.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Friday, November 3rd. The construction company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.11. The firm had revenue of $274.57 million during the quarter, compared to the consensus estimate of $275.80 million. Gibraltar Industries had a return on equity of 10.77% and a net margin of 3.08%. The firm’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.55 EPS.
A number of brokerages recently commented on ROCK. BidaskClub downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Tuesday, November 7th. TheStreet upgraded Gibraltar Industries from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and set a $39.00 price objective on shares of Gibraltar Industries in a research note on Friday. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. Gibraltar Industries presently has an average rating of “Buy” and an average price target of $42.00.
Shares of Gibraltar Industries (NASDAQ ROCK) traded down $0.10 on Friday, reaching $31.65. The company had a trading volume of 177,722 shares, compared to its average volume of 212,822. The company has a market cap of $1,002.93, a P/E ratio of 19.78 and a beta of 1.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.93 and a current ratio of 2.36. Gibraltar Industries has a 52-week low of $25.61 and a 52-week high of $48.05.
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Several large investors have recently added to or reduced their stakes in the company. Aperio Group LLC grew its stake in shares of Gibraltar Industries by 1.4% in the second quarter. Aperio Group LLC now owns 7,200 shares of the construction company’s stock worth $257,000 after purchasing an additional 101 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Gibraltar Industries by 0.8% in the second quarter. Texas Permanent School Fund now owns 23,058 shares of the construction company’s stock worth $822,000 after purchasing an additional 192 shares in the last quarter. Profund Advisors LLC grew its stake in shares of Gibraltar Industries by 9.1% in the second quarter. Profund Advisors LLC now owns 5,756 shares of the construction company’s stock worth $205,000 after purchasing an additional 480 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Gibraltar Industries by 2.9% in the second quarter. The Manufacturers Life Insurance Company now owns 24,963 shares of the construction company’s stock worth $889,000 after purchasing an additional 710 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Gibraltar Industries by 3.3% in the second quarter. Great West Life Assurance Co. Can now owns 45,999 shares of the construction company’s stock worth $1,637,000 after purchasing an additional 1,478 shares in 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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