$232.65 Million in Sales Expected for Gibraltar Industries Inc (ROCK) This Quarter

Analysts expect Gibraltar Industries Inc (NASDAQ:ROCK) to post $232.65 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Gibraltar Industries’ earnings. The highest sales estimate is $234.20 million and the lowest is $231.10 million. Gibraltar Industries posted sales of $231.84 million during the same quarter last year, which suggests a positive year over year growth rate of 0.3%. The company is expected to issue its next quarterly earnings results on Friday, February 16th.

According to Zacks, analysts expect that Gibraltar Industries will report full-year sales of $232.65 million for the current year, with estimates ranging from $960.10 million to $963.00 million. For the next fiscal year, analysts expect that the firm will report sales of $1.00 billion per share, with estimates ranging from $993.60 million to $1.01 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Friday, November 3rd. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.11. Gibraltar Industries had a return on equity of 10.77% and a net margin of 3.08%. The company had revenue of $274.57 million during the quarter, compared to analysts’ expectations of $275.80 million. During the same quarter in the previous year, the business earned $0.55 EPS. Gibraltar Industries’s revenue was up .7% compared to the same quarter last year.

Several brokerages have weighed in on ROCK. KeyCorp reiterated a “buy” rating and issued a $39.00 target price on shares of Gibraltar Industries in a report on Sunday, October 15th. BidaskClub cut Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Friday, December 15th. TheStreet upgraded Gibraltar Industries from a “c” rating to a “b-” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded Gibraltar Industries from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $42.00.

Gibraltar Industries (ROCK) traded down $0.30 on Monday, reaching $32.10. The company had a trading volume of 169,100 shares, compared to its average volume of 249,452. Gibraltar Industries has a one year low of $25.61 and a one year high of $45.05. The company has a current ratio of 2.36, a quick ratio of 1.93 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1,010.00, a PE ratio of 34.52 and a beta of 1.77.

A number of large investors have recently made changes to their positions in ROCK. Pzena Investment Management LLC increased its position in Gibraltar Industries by 133.5% during the 3rd quarter. Pzena Investment Management LLC now owns 1,852,838 shares of the construction company’s stock valued at $57,716,000 after buying an additional 1,059,175 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of Gibraltar Industries in the second quarter valued at about $25,836,000. Aberdeen Asset Management PLC UK increased its holdings in shares of Gibraltar Industries by 56.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,739,266 shares of the construction company’s stock valued at $62,005,000 after purchasing an additional 628,640 shares during the period. FMR LLC increased its holdings in shares of Gibraltar Industries by 63.7% in the second quarter. FMR LLC now owns 1,307,993 shares of the construction company’s stock valued at $46,630,000 after purchasing an additional 509,133 shares during the period. Finally, HCSF Management LLC increased its holdings in shares of Gibraltar Industries by 63.8% in the second quarter. HCSF Management LLC now owns 422,404 shares of the construction company’s stock valued at $15,059,000 after purchasing an additional 164,500 shares during the period.

WARNING: This news story was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.com-unik.info/2017/12/25/232-65-million-in-sales-expected-for-gibraltar-industries-inc-rock-this-quarter.html.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc is a manufacturer and distributor of building products for industrial, transportation infrastructure, residential housing, renewable energy and resource conservation markets. The Company’s segments include Residential Products; Industrial and Infrastructure Products, and Renewable Energy and Conservation.

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit