Brokerages forecast that Gibraltar Industries Inc (NASDAQ:ROCK) will post $0.59 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Gibraltar Industries’ earnings. Gibraltar Industries posted earnings of $0.47 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 25.5%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 20th.
On average, analysts expect that Gibraltar Industries will report full-year earnings of $2.55 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $2.83 per share, with EPS estimates ranging from $2.80 to $2.86. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Friday, October 25th. The construction company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.09. Gibraltar Industries had a return on equity of 12.74% and a net margin of 6.20%. The company had revenue of $299.20 million during the quarter, compared to analysts’ expectations of $290.20 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year.
ROCK has been the subject of several analyst reports. BidaskClub lowered Gibraltar Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. ValuEngine upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Sunday, October 27th.
Institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in Gibraltar Industries by 91.5% during the first quarter. First Trust Advisors LP now owns 45,157 shares of the construction company’s stock worth $1,834,000 after acquiring an additional 21,582 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of Gibraltar Industries by 88.7% during the second quarter. AE Wealth Management LLC now owns 11,547 shares of the construction company’s stock worth $466,000 after acquiring an additional 5,428 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Gibraltar Industries by 0.9% during the second quarter. Arizona State Retirement System now owns 49,954 shares of the construction company’s stock worth $2,016,000 after acquiring an additional 449 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Gibraltar Industries by 3.1% during the second quarter. Aperio Group LLC now owns 11,169 shares of the construction company’s stock worth $451,000 after acquiring an additional 336 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of Gibraltar Industries by 12.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 540,641 shares of the construction company’s stock worth $21,820,000 after acquiring an additional 58,617 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.
Shares of NASDAQ ROCK traded up $0.30 during trading on Wednesday, reaching $52.65. The company had a trading volume of 205,907 shares, compared to its average volume of 177,988. Gibraltar Industries has a twelve month low of $31.96 and a twelve month high of $55.15. The stock has a market capitalization of $1.69 billion, a PE ratio of 24.60 and a beta of 1.50. The stock has a 50-day moving average price of $50.99 and a two-hundred day moving average price of $43.38. The company has a current ratio of 1.81, a quick ratio of 1.46 and a debt-to-equity ratio of 0.03.
Gibraltar Industries Company Profile
Gibraltar Industries, Inc manufactures and distributes building products in North America and Asia. It operates through three segments: Residential Products, Industrial and Infrastructure Products, and Renewable Energy and Conservation. The Residential Products segment offers roof and foundation ventilation products and accessories, such as solar powered units; mail and electronic package solutions, including single mailboxes, cluster style mail and parcel boxes for single and multi-family housing, and electronic package locker systems; roof edgings and flashings; soffits and trims; drywall corner beads; metal roofing products and accessories; rain dispersion products comprising gutters and accessories; and exterior retractable awnings.
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