Brokerages Expect Gibraltar Industries Inc (ROCK) Will Post Earnings of $0.55 Per Share

Brokerages expect that Gibraltar Industries Inc (NASDAQ:ROCK) will report earnings of $0.55 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Gibraltar Industries’ earnings, with estimates ranging from $0.53 to $0.56. Gibraltar Industries posted earnings of $0.43 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.9%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 26th.

On average, analysts expect that Gibraltar Industries will report full year earnings of $2.08 per share for the current year, with EPS estimates ranging from $2.05 to $2.10. For the next year, analysts anticipate that the company will post earnings of $2.36 per share, with EPS estimates ranging from $2.22 to $2.49. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Friday, May 4th. The construction company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). Gibraltar Industries had a net margin of 6.72% and a return on equity of 11.08%. The firm had revenue of $216.30 million during the quarter, compared to analyst estimates of $215.63 million. During the same period last year, the business posted $0.20 EPS. The company’s revenue was up 4.7% on a year-over-year basis.

ROCK has been the subject of a number of research reports. BidaskClub raised Gibraltar Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, May 8th. Finally, ValuEngine raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Gibraltar Industries presently has a consensus rating of “Buy” and a consensus target price of $40.00.

Shares of Gibraltar Industries opened at $38.50 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 0.39. Gibraltar Industries has a 52 week low of $25.61 and a 52 week high of $38.90. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 22.51 and a beta of 1.78.

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its stake in Gibraltar Industries by 14.3% in the fourth quarter. Rhumbline Advisers now owns 79,778 shares of the construction company’s stock valued at $2,633,000 after acquiring an additional 9,992 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of Gibraltar Industries in the fourth quarter valued at approximately $4,567,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Gibraltar Industries by 19.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 195,718 shares of the construction company’s stock valued at $6,459,000 after purchasing an additional 32,468 shares in the last quarter. BlackRock Inc. lifted its holdings in Gibraltar Industries by 4.4% during the fourth quarter. BlackRock Inc. now owns 4,155,757 shares of the construction company’s stock worth $137,140,000 after acquiring an additional 174,542 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in Gibraltar Industries by 40.0% during the fourth quarter. Two Sigma Advisers LP now owns 209,163 shares of the construction company’s stock worth $6,902,000 after acquiring an additional 59,800 shares during the period.

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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Earnings History and Estimates for Gibraltar Industries (NASDAQ:ROCK)

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