Analysts Expect Gibraltar Industries Inc (NASDAQ:ROCK) to Post $0.87 Earnings Per Share

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Analysts expect that Gibraltar Industries Inc (NASDAQ:ROCK) will report earnings of $0.87 per share for the current quarter, Zacks reports. Two analysts have made estimates for Gibraltar Industries’ earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.83. Gibraltar Industries reported earnings per share of $0.71 in the same quarter last year, which would indicate a positive year over year growth rate of 22.5%. The company 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 fiscal year, with EPS estimates ranging from $2.48 to $2.50. For the next fiscal year, analysts forecast that the company will report earnings of $2.71 per share, with EPS estimates ranging from $2.68 to $2.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Friday, July 26th. The construction company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.05). Gibraltar Industries had a return on equity of 11.80% and a net margin of 5.82%. The business had revenue of $262.70 million for the quarter, compared to analysts’ expectations of $273.30 million. During the same period last year, the business posted $0.71 earnings per share. The company’s revenue was down 1.2% compared to the same quarter last year.

A number of equities analysts have weighed in on ROCK shares. BidaskClub raised Gibraltar Industries from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Zacks Investment Research lowered shares of Gibraltar Industries from a “hold” rating to a “sell” rating and set a $39.00 price target for the company. in a research report on Tuesday, May 28th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in shares of Gibraltar Industries during the 2nd quarter worth $31,000. Quantamental Technologies LLC bought a new position in shares of Gibraltar Industries during the 2nd quarter worth $53,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Gibraltar Industries by 32.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,185 shares of the construction company’s stock worth $89,000 after buying an additional 533 shares in the last quarter. Bank of Montreal Can grew its position in shares of Gibraltar Industries by 240.0% during the 2nd quarter. Bank of Montreal Can now owns 3,859 shares of the construction company’s stock worth $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 during the 2nd quarter worth $224,000. 99.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of ROCK stock opened at $46.24 on Friday. Gibraltar Industries has a 12 month low of $31.96 and a 12 month high of $49.10. The stock has a market cap of $1.50 billion, a PE ratio of 21.61 and a beta of 1.53. The company has a current ratio of 1.92, a quick ratio of 1.47 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average price is $42.05 and its 200-day moving average price is $39.95.

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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