Brokerages expect that Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Rating) will post $300.70 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Gibraltar Industries’ earnings, with estimates ranging from $298.60 million to $302.80 million. Gibraltar Industries posted sales of $287.59 million in the same quarter last year, which suggests a positive year over year growth rate of 4.6%. The company is expected to issue its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Gibraltar Industries will report full-year sales of $1.42 billion for the current financial year, with estimates ranging from $1.41 billion to $1.42 billion. For the next financial year, analysts expect that the company 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 analysts that that provide coverage for Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK – Get Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The construction company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.24). The business had revenue of $334.40 million for 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%. Gibraltar Industries’s revenue was up 26.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS.
A number of hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new position in shares of Gibraltar Industries during the fourth quarter valued at $26,000. Baystate Wealth Management LLC raised its holdings in shares of Gibraltar Industries by 167.0% in the fourth quarter. Baystate Wealth Management LLC now owns 510 shares of the construction company’s stock valued at $34,000 after buying an additional 319 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Gibraltar Industries by 1,286.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 513 shares of the construction company’s stock valued at $34,000 after buying an additional 476 shares during the last quarter. CWM LLC bought a new position in shares of Gibraltar Industries in the fourth quarter valued at about $37,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Gibraltar Industries in the fourth quarter valued at about $216,000. 98.41% of the stock is owned by hedge funds and other institutional investors.
Shares of ROCK stock opened at $38.73 on Wednesday. Gibraltar Industries has a 12 month low of $38.35 and a 12 month high of $96.33. The company has a quick ratio of 0.94, a current ratio of 1.56 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $45.46 and its two-hundred day moving average is $59.42. The company has a market cap of $1.27 billion, a PE ratio of 16.91 and a beta of 1.07.
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.
- Get a free copy of the StockNews.com research report on Gibraltar Industries (ROCK)
- Las Vegas Sands Stock Could be a Winning Bet Down Here
- Newmont Corporation is the Same as It’s Always Been Which is Why It’s a Buy
- The Sherwin-Williams Company Bottoms Above Institutional Support
- Simpson Manufacturing Co. Hits The Nail On The Head, Again
- What To Make Of Activision Blizzard (NASDAQ: ATVI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gibraltar Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibraltar Industries and related companies with MarketBeat.com's FREE daily email newsletter.