Wall Street analysts expect that Gibraltar Industries, Inc. (NASDAQ:ROCK – Get Rating) will announce sales of $365.70 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Gibraltar Industries’ earnings, with estimates ranging from $356.70 million to $374.70 million. Gibraltar Industries posted sales of $348.39 million in the same quarter last year, which suggests a positive year over year growth rate of 5%. The firm is scheduled to issue its next quarterly 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 financial year, with estimates ranging from $1.41 billion to $1.43 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.47 billion, with estimates ranging from $1.47 billion to $1.48 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK – Get Rating) last issued its earnings results on Wednesday, May 4th. The construction company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.15. The business had revenue of $317.90 million during the quarter, compared to the consensus estimate of $307.88 million. Gibraltar Industries had a return on equity of 11.55% and a net margin of 5.72%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share.
Several large investors have recently made changes to their positions in ROCK. First Trust Advisors LP boosted its position in shares of Gibraltar Industries by 91.5% during the first quarter. First Trust Advisors LP now owns 45,157 shares of the construction company’s stock valued at $1,834,000 after buying an additional 21,582 shares during the last quarter. Morgan Stanley boosted its position in Gibraltar Industries by 104.1% in the second quarter. Morgan Stanley now owns 206,282 shares of the construction company’s stock worth $15,741,000 after purchasing an additional 105,209 shares during the last quarter. Swiss National Bank boosted its position in Gibraltar Industries by 0.4% in the third quarter. Swiss National Bank now owns 72,100 shares of the construction company’s stock worth $5,022,000 after purchasing an additional 300 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Gibraltar Industries by 1.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 14,247 shares of the construction company’s stock worth $992,000 after purchasing an additional 200 shares during the last quarter. Finally, Barclays PLC boosted its position in Gibraltar Industries by 26.1% in the third quarter. Barclays PLC now owns 33,896 shares of the construction company’s stock worth $2,361,000 after purchasing an additional 7,021 shares during the last quarter. 97.93% of the stock is currently owned by institutional investors.
NASDAQ ROCK opened at $37.51 on Tuesday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 15.83 and a beta of 1.08. Gibraltar Industries has a 52 week low of $36.86 and a 52 week high of $81.58. The business has a 50 day moving average price of $42.71 and a 200-day moving average price of $55.88. The company has a quick ratio of 1.04, a current ratio of 1.69 and a debt-to-equity ratio of 0.05.
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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