Wall Street brokerages forecast that Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Rating) will report $300.70 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Gibraltar Industries’ earnings, with the lowest sales estimate coming in at $298.60 million and the highest estimate coming in at $302.80 million. Gibraltar Industries reported sales of $287.59 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.6%. The business is expected to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Gibraltar Industries will report full year sales of $1.42 billion for the current fiscal year, with estimates ranging from $1.41 billion to $1.42 billion. For the next year, analysts forecast that the firm will post sales of $1.50 billion, with estimates ranging from $1.49 billion to $1.50 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK – Get Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The construction company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.24). The company had revenue of $334.40 million during the quarter, compared to the consensus estimate of $333.00 million. Gibraltar Industries had a net margin of 5.64% and a return on equity of 11.55%. The company’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business earned $0.59 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of ROCK. The Manufacturers Life Insurance Company increased its holdings in Gibraltar Industries by 35.4% during the third quarter. The Manufacturers Life Insurance Company now owns 325,566 shares of the construction company’s stock worth $22,675,000 after buying an additional 85,108 shares during the last quarter. First Republic Investment Management Inc. increased its holdings in shares of Gibraltar Industries by 12.6% in the third quarter. First Republic Investment Management Inc. now owns 14,504 shares of the construction company’s stock valued at $1,010,000 after purchasing an additional 1,625 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Gibraltar Industries by 2.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 509,580 shares of the construction company’s stock valued at $35,492,000 after purchasing an additional 14,200 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Gibraltar Industries by 23.9% in the third quarter. Teacher Retirement System of Texas now owns 5,246 shares of the construction company’s stock valued at $365,000 after purchasing an additional 1,012 shares during the last quarter. Finally, South Dakota Investment Council increased its holdings in shares of Gibraltar Industries by 14.4% in the third quarter. South Dakota Investment Council now owns 138,161 shares of the construction company’s stock valued at $9,623,000 after purchasing an additional 17,410 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.
ROCK stock traded down $0.59 on Tuesday, hitting $39.54. 195,738 shares of the company’s stock traded hands, compared to its average volume of 237,465. The company has a current ratio of 1.56, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 17.27 and a beta of 1.07. Gibraltar Industries has a 1-year low of $38.80 and a 1-year high of $96.33. The stock has a fifty day moving average of $47.51 and a 200-day moving average of $61.29.
Gibraltar Industries Company Profile (Get Rating)
Gibraltar Industries, Inc manufactures and distributes building products for the renewable energy, residential, agtech, and infrastructure markets in North America and Asia. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems.
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