Gibraltar Industries Inc (NASDAQ:ROCK) Expected to Post Earnings of $1.00 Per Share

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Wall Street analysts expect that Gibraltar Industries Inc (NASDAQ:ROCK) will post earnings of $1.00 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Gibraltar Industries’ earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.97. Gibraltar Industries posted earnings per share of $0.95 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The business is scheduled to issue its next quarterly earnings report on Friday, October 23rd.

According to Zacks, analysts expect that Gibraltar Industries will report full-year earnings of $2.94 per share for the current financial year. For the next financial year, analysts forecast that the company will post earnings of $3.35 per share, with EPS estimates ranging from $3.27 to $3.43. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last announced its quarterly earnings data on Wednesday, August 5th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.42. Gibraltar Industries had a net margin of 7.16% and a return on equity of 13.92%. The firm had revenue of $285.80 million during the quarter, compared to analyst estimates of $243.85 million. Gibraltar Industries’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share.

ROCK has been the subject of several research reports. Sidoti upped their price target on shares of Gibraltar Industries from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. ValuEngine upgraded shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. BidaskClub downgraded shares of Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research cut shares of Gibraltar Industries from a “buy” rating to a “hold” rating and set a $71.00 price objective for the company. in a research note on Tuesday, October 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Gibraltar Industries has an average rating of “Buy” and an average target price of $67.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Copper Rock Capital Partners LLC acquired a new position in shares of Gibraltar Industries during the 2nd quarter worth $179,671,000. Silvercrest Asset Management Group LLC lifted its position in Gibraltar Industries by 2.5% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,406,239 shares of the construction company’s stock worth $67,514,000 after purchasing an additional 34,291 shares during the period. State Street Corp lifted its position in shares of Gibraltar Industries by 7.5% during the 1st quarter. State Street Corp now owns 1,010,562 shares of the construction company’s stock worth $43,373,000 after buying an additional 70,464 shares during the period. GW&K Investment Management LLC raised its position in Gibraltar Industries by 78.6% in the 2nd quarter. GW&K Investment Management LLC now owns 915,253 shares of the construction company’s stock valued at $43,942,000 after purchasing an additional 402,921 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Gibraltar Industries by 17.8% during the second quarter. FMR LLC now owns 679,281 shares of the construction company’s stock worth $32,612,000 after purchasing an additional 102,401 shares in the last quarter.

ROCK stock traded down $1.38 during mid-day trading on Monday, reaching $68.44. The company had a trading volume of 130,119 shares, compared to its average volume of 218,542. The firm has a fifty day simple moving average of $65.23 and a 200 day simple moving average of $52.86. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 28.64 and a beta of 1.38. Gibraltar Industries has a fifty-two week low of $30.60 and a fifty-two week high of $74.00.

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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Gibraltar Industries Inc (NASDAQ:ROCK) Expected to Post Earnings of $1.00 Per Share

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Wall Street analysts expect that Gibraltar Industries Inc (NASDAQ:ROCK) will announce $1.00 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Gibraltar Industries’ earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.97. Gibraltar Industries reported earnings per share of $0.95 in the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The company is expected to announce its next quarterly earnings results on Friday, October 23rd.

According to Zacks, analysts expect that Gibraltar Industries will report full-year earnings of $2.94 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will post earnings of $3.35 per share, with EPS estimates ranging from $3.27 to $3.43. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.42. Gibraltar Industries had a net margin of 7.16% and a return on equity of 13.92%. The firm had revenue of $285.80 million during the quarter, compared to analysts’ expectations of $243.85 million. During the same period last year, the company earned $0.73 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis.

A number of research analysts have recently weighed in on ROCK shares. Zacks Investment Research lowered Gibraltar Industries from a “buy” rating to a “hold” rating and set a $71.00 target price on the stock. in a report on Tuesday, October 6th. BidaskClub cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. ValuEngine raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Finally, Sidoti increased their target price on shares of Gibraltar Industries from $68.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Gibraltar Industries currently has an average rating of “Buy” and a consensus price target of $67.00.

ROCK stock traded down $1.38 during mid-day trading on Monday, reaching $68.44. 130,119 shares of the company traded hands, compared to its average volume of 218,542. The firm’s 50 day moving average price is $65.23 and its 200 day moving average price is $52.86. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 28.64 and a beta of 1.38. Gibraltar Industries has a fifty-two week low of $30.60 and a fifty-two week high of $74.00.

A number of institutional investors have recently modified their holdings of the stock. Bank of Montreal Can grew its holdings in shares of Gibraltar Industries by 8.6% during the 2nd quarter. Bank of Montreal Can now owns 51,389 shares of the construction company’s stock worth $2,391,000 after acquiring an additional 4,069 shares during the period. Federated Hermes Inc. grew its holdings in Gibraltar Industries by 53.2% in the first quarter. Federated Hermes Inc. now owns 35,771 shares of the construction company’s stock worth $1,535,000 after purchasing an additional 12,429 shares during the period. Wellington Management Group LLP increased its stake in shares of Gibraltar Industries by 3.8% during the first quarter. Wellington Management Group LLP now owns 142,556 shares of the construction company’s stock valued at $6,119,000 after purchasing an additional 5,263 shares in the last quarter. Brinker Capital Inc. lifted its holdings in shares of Gibraltar Industries by 49.5% during the second quarter. Brinker Capital Inc. now owns 31,898 shares of the construction company’s stock valued at $1,531,000 after purchasing an additional 10,561 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Gibraltar Industries by 17.8% in the 2nd quarter. FMR LLC now owns 679,281 shares of the construction company’s stock worth $32,612,000 after purchasing an additional 102,401 shares in the last quarter.

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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Get a free copy of the Zacks research report on Gibraltar Industries (ROCK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Gibraltar Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries and related companies with MarketBeat.com's FREE daily email newsletter.