Zacks: Brokerages Anticipate Gibraltar Industries Inc (NASDAQ:ROCK) Will Post Earnings of $0.40 Per Share

Equities analysts expect Gibraltar Industries Inc (NASDAQ:ROCK) to post earnings of $0.40 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Gibraltar Industries’ earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.39. Gibraltar Industries posted earnings per share of $0.73 in the same quarter last year, which would suggest a negative year over year growth rate of 45.2%. The company is expected to report its next earnings report on Friday, July 24th.

According to Zacks, analysts expect that Gibraltar Industries will report full-year earnings of $2.38 per share for the current year, with EPS estimates ranging from $2.28 to $2.47. For the next fiscal year, analysts anticipate that the business will report earnings of $2.80 per share, with EPS estimates ranging from $2.69 to $2.91. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings data on Wednesday, May 6th. The construction company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. Gibraltar Industries had a return on equity of 13.74% and a net margin of 6.62%. The business had revenue of $249.40 million for the quarter, compared to the consensus estimate of $252.03 million. During the same quarter in the prior year, the business posted $0.28 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis.

A number of research firms recently issued reports on ROCK. KeyCorp dropped their price target on Gibraltar Industries from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. ValuEngine downgraded Gibraltar Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, April 1st. BidaskClub upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Friday, May 29th. Finally, Sidoti upgraded Gibraltar Industries from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $55.67.

A number of institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Gibraltar Industries by 0.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,421,953 shares of the construction company’s stock worth $71,723,000 after acquiring an additional 8,597 shares during the period. Silvercrest Asset Management Group LLC lifted its position in Gibraltar Industries by 12.3% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,371,948 shares of the construction company’s stock worth $58,884,000 after acquiring an additional 150,785 shares during the period. Nuveen Asset Management LLC lifted its position in Gibraltar Industries by 3.3% during the 1st quarter. Nuveen Asset Management LLC now owns 1,068,744 shares of the construction company’s stock worth $45,870,000 after acquiring an additional 34,032 shares during the period. State Street Corp lifted its position in Gibraltar Industries by 7.5% during the 1st quarter. State Street Corp now owns 1,010,562 shares of the construction company’s stock worth $43,373,000 after acquiring an additional 70,464 shares during the period. Finally, Neumeier Poma Investment Counsel LLC lifted its position in Gibraltar Industries by 93.3% during the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 875,490 shares of the construction company’s stock worth $37,576,000 after acquiring an additional 422,525 shares during the period. 97.96% of the stock is owned by institutional investors.

Shares of ROCK traded down $0.59 during mid-day trading on Friday, reaching $44.99. The company’s stock had a trading volume of 232,226 shares, compared to its average volume of 234,122. Gibraltar Industries has a 12-month low of $30.60 and a 12-month high of $56.58. The stock has a market cap of $1.48 billion, a PE ratio of 16.45 and a beta of 1.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.64 and a quick ratio of 1.24. The company’s 50 day moving average is $44.68 and its 200 day moving average is $47.90.

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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