Brokerages expect Gibraltar Industries Inc (NASDAQ:ROCK) to announce $0.87 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Gibraltar Industries’ earnings, with estimates ranging from $0.83 to $0.91. Gibraltar Industries reported earnings of $0.71 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 22.5%. The business is expected to report its next earnings report on Thursday, November 7th.
According to Zacks, analysts expect that Gibraltar Industries will report full-year earnings of $2.49 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.50. For the next fiscal year, analysts forecast that the firm will post earnings of $2.71 per share, with EPS estimates ranging from $2.68 to $2.74. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Friday, July 26th. The construction company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.05). The business had revenue of $262.70 million for the quarter, compared to analyst estimates of $273.30 million. Gibraltar Industries had a return on equity of 11.80% and a net margin of 5.82%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share.
A number of research firms have weighed in on ROCK. Zacks Investment Research downgraded Gibraltar Industries from a “hold” rating to a “sell” rating and set a $39.00 target price for the company. in a research report on Tuesday, May 28th. BidaskClub upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th.
ROCK opened at $46.24 on Friday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 21.61 and a beta of 1.53. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a quick ratio of 1.47. Gibraltar Industries has a 1-year low of $31.96 and a 1-year high of $49.10. The business has a 50 day moving average price of $42.05 and a two-hundred day moving average price of $39.95.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. bought a new position in shares of Gibraltar Industries in the second quarter valued at $31,000. Quantamental Technologies LLC bought a new position in shares of Gibraltar Industries in the second quarter valued at $53,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Gibraltar Industries by 32.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,185 shares of the construction company’s stock valued at $89,000 after buying an additional 533 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Gibraltar Industries by 240.0% in the second quarter. Bank of Montreal Can now owns 3,859 shares of the construction company’s stock valued at $155,000 after buying an additional 2,724 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Gibraltar Industries in the second quarter valued at $224,000. Hedge funds and other institutional investors own 99.57% of the company’s stock.
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.
Further Reading: Limitations of the P/E Growth ratio
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