Equities research analysts expect that Gibraltar Industries Inc (NASDAQ:ROCK) will post $245.60 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Gibraltar Industries’ earnings, with the highest sales estimate coming in at $248.70 million and the lowest estimate coming in at $242.50 million. Gibraltar Industries posted sales of $258.11 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 4.8%. The company is expected to announce its next earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Gibraltar Industries will report full year sales of $1.01 billion for the current financial year, with estimates ranging from $1.00 billion to $1.01 billion. For the next year, analysts expect that the business will report sales of $1.05 billion, with estimates ranging from $1.04 billion to $1.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Thursday, November 1st. The construction company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. The business had revenue of $280.10 million during the quarter, compared to analysts’ expectations of $287.93 million. Gibraltar Industries had a return on equity of 12.23% and a net margin of 7.44%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of ROCK. Tower Research Capital LLC TRC lifted its stake in Gibraltar Industries by 93.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,900 shares of the construction company’s stock worth $109,000 after acquiring an additional 1,400 shares in the last quarter. Ibex Investors LLC acquired a new position in Gibraltar Industries during the 3rd quarter worth about $201,000. Laurion Capital Management LP acquired a new position in Gibraltar Industries during the 3rd quarter worth about $201,000. Sawtooth Solutions LLC acquired a new position in Gibraltar Industries during the 3rd quarter worth about $208,000. Finally, Amalgamated Bank acquired a new position in Gibraltar Industries during the 3rd quarter worth about $211,000.
Shares of NASDAQ ROCK traded up $0.81 during mid-day trading on Wednesday, reaching $36.16. 150,698 shares of the company’s stock were exchanged, compared to its average volume of 161,907. The stock has a market cap of $1.13 billion, a PE ratio of 21.15 and a beta of 1.90. The company has a current ratio of 2.78, a quick ratio of 2.27 and a debt-to-equity ratio of 0.36. Gibraltar Industries has a 52-week low of $29.50 and a 52-week high of $49.10.
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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