Gibraltar Industries, Inc. (NASDAQ:ROCK) Expected to Announce Earnings of $0.45 Per Share

Equities analysts expect Gibraltar Industries, Inc. (NASDAQ:ROCKGet Rating) to report earnings of $0.45 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Gibraltar Industries’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.45. Gibraltar Industries posted earnings per share of $0.53 during the same quarter last year, which would suggest a negative year over year growth rate of 15.1%. The company is expected to issue its next earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Gibraltar Industries will report full-year earnings of $3.27 per share for the current year, with EPS estimates ranging from $3.25 to $3.29. For the next year, analysts expect that the business will post earnings of $3.85 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCKGet Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The construction company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). Gibraltar Industries had a return on equity of 11.55% and a net margin of 5.64%. The firm had revenue of $334.40 million for the quarter, compared to the consensus estimate of $333.00 million. The company’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS.

Several equities research analysts recently commented on the stock. KeyCorp cut their target price on shares of Gibraltar Industries from $85.00 to $60.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 1st. Zacks Investment Research downgraded Gibraltar Industries from a “hold” rating to a “strong sell” rating and set a $41.00 price objective for the company. in a report on Thursday, March 3rd. StockNews.com assumed coverage on Gibraltar Industries in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TheStreet lowered Gibraltar Industries from a “b-” rating to a “c+” rating in a research report on Tuesday, February 8th.

NASDAQ:ROCK opened at $40.15 on Monday. The stock’s 50-day moving average is $45.70 and its 200-day moving average is $59.55. Gibraltar Industries has a 1-year low of $38.35 and a 1-year high of $96.33. 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 $1.31 billion, a P/E ratio of 17.53 and a beta of 1.07.

Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position 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 valued at $22,675,000 after acquiring an additional 85,108 shares during the last quarter. First Republic Investment Management Inc. grew its stake in Gibraltar Industries by 12.6% during the third quarter. First Republic Investment Management Inc. now owns 14,504 shares of the construction company’s stock worth $1,010,000 after purchasing an additional 1,625 shares during the period. Teacher Retirement System of Texas increased its holdings in 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 worth $365,000 after purchasing an additional 1,012 shares in the last quarter. South Dakota Investment Council lifted its stake in 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 buying an additional 17,410 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Gibraltar Industries by 111.8% during the 3rd quarter. New York State Common Retirement Fund now owns 252,602 shares of the construction company’s stock worth $17,594,000 after buying an additional 133,349 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

About Gibraltar Industries (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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