Wall Street analysts expect Gibraltar Industries Inc (NASDAQ:ROCK) to report $290.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Gibraltar Industries’ earnings. The lowest sales estimate is $288.20 million and the highest is $292.80 million. Gibraltar Industries reported sales of $280.09 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The firm is expected to issue its next earnings results on Thursday, November 7th.
According to Zacks, analysts expect that Gibraltar Industries will report full year sales of $1.03 billion for the current year. For the next financial year, analysts anticipate that the company will report sales of $1.06 billion, with estimates ranging from $1.06 billion to $1.07 billion. Zacks Investment Research’s sales 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 Friday, July 26th. The construction company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $262.70 million for the quarter, compared to analysts’ expectations of $273.30 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. Gibraltar Industries’s revenue was down 1.2% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in shares of Gibraltar Industries by 42.2% during the 2nd quarter. Renaissance Technologies LLC now owns 304,400 shares of the construction company’s stock worth $12,286,000 after buying an additional 90,347 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Gibraltar Industries during the 2nd quarter worth about $53,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Gibraltar Industries by 8.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 282,481 shares of the construction company’s stock worth $11,401,000 after buying an additional 21,918 shares during the last quarter. Bank of Montreal Can boosted its stake 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 during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Gibraltar Industries during the 2nd quarter worth about $31,000.
Shares of NASDAQ:ROCK traded up $0.24 during midday trading on Wednesday, hitting $42.48. 157,700 shares of the stock were exchanged, compared to its average volume of 150,099. The company has a quick ratio of 1.47, a current ratio of 1.92 and a debt-to-equity ratio of 0.03. Gibraltar Industries has a 52-week low of $31.96 and a 52-week high of $49.10. The stock’s fifty day moving average is $40.36. The company has a market cap of $1.36 billion, a P/E ratio of 19.85 and a beta of 1.53.
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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