Gibraltar Industries (ROCK) Updates FY19 Earnings Guidance

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Gibraltar Industries (NASDAQ:ROCK) updated its FY19 earnings guidance on Friday. The company provided earnings per share guidance of $2.40-2.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.48. The company issued revenue guidance of >$1 billion, compared to the consensus revenue estimate of $1.04 billion.Gibraltar Industries also updated its FY 2019 guidance to $1.96-2.14 EPS.

Several research analysts have commented on the stock. BidaskClub downgraded shares of Gibraltar Industries from a buy rating to a hold rating in a research report on Wednesday, April 3rd. Zacks Investment Research downgraded shares of Gibraltar Industries from a hold rating to a sell rating in a report on Tuesday, February 26th. Finally, Sidoti initiated coverage on shares of Gibraltar Industries in a report on Tuesday, January 8th. They set a neutral rating and a $40.00 price target for the company.

Shares of NASDAQ:ROCK opened at $40.04 on Friday. The firm has a market cap of $1.28 billion, a PE ratio of 18.71 and a beta of 1.48. Gibraltar Industries has a 52-week low of $31.96 and a 52-week high of $49.10.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings results on Friday, May 3rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $227.40 million for the quarter, compared to analyst estimates of $221.73 million. Gibraltar Industries had a return on equity of 12.23% and a net margin of 6.37%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share. Research analysts predict that Gibraltar Industries will post 2.52 EPS for the current fiscal year.

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About Gibraltar Industries

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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