$290.50 Million in Sales Expected for Gibraltar Industries Inc (NASDAQ:ROCK) This Quarter

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.

ROCK has been the subject of several recent research reports. BidaskClub upgraded Gibraltar Industries from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Zacks Investment Research lowered Gibraltar Industries from a “hold” rating to a “sell” rating and set a $39.00 target price on the stock. in a report on Tuesday, May 28th.

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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