Analysts forecast that Gibraltar Industries (NASDAQ:ROCK) will post earnings of $0.27 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Gibraltar Industries’ earnings, with estimates ranging from $0.25 to $0.28. Gibraltar Industries posted earnings per share of $0.20 during the same quarter last year, which would indicate a positive year over year growth rate of 35%. The business is scheduled to issue its next earnings report on Friday, May 4th.
According to Zacks, analysts expect that Gibraltar Industries will report full-year earnings of $2.06 per share for the current year, with EPS estimates ranging from $2.05 to $2.06. For the next fiscal year, analysts forecast that the firm will report earnings of $2.35 per share, with EPS estimates ranging from $2.22 to $2.47. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.07. The business had revenue of $258.11 million during the quarter, compared to the consensus estimate of $232.50 million. Gibraltar Industries had a return on equity of 11.14% and a net margin of 6.34%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share.
Several brokerages recently commented on ROCK. ValuEngine cut Gibraltar Industries from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Monday, February 26th. Finally, BidaskClub cut Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.50.
Shares of NASDAQ ROCK traded up $0.30 during midday trading on Friday, hitting $35.40. 250,917 shares of the company’s stock were exchanged, compared to its average volume of 254,915. The company has a current ratio of 2.71, a quick ratio of 2.20 and a debt-to-equity ratio of 0.39. The company has a market cap of $1,133.52, a PE ratio of 20.70 and a beta of 1.78. Gibraltar Industries has a twelve month low of $25.61 and a twelve month high of $39.95.
A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Gibraltar Industries in the third quarter valued at $157,000. Penn Capital Management Co. Inc. bought a new position in shares of Gibraltar Industries in the fourth quarter valued at $294,000. Parametrica Management Ltd bought a new position in shares of Gibraltar Industries in the fourth quarter valued at $319,000. Teacher Retirement System of Texas bought a new position in shares of Gibraltar Industries in the fourth quarter valued at $337,000. Finally, First Trust Advisors LP bought a new position in shares of Gibraltar Industries in the fourth quarter valued at $480,000.
ILLEGAL ACTIVITY NOTICE: This story was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://www.thelincolnianonline.com/2018/04/20/zacks-brokerages-anticipate-gibraltar-industries-rock-will-announce-earnings-of-0-27-per-share.html.
Gibraltar Industries Company Profile
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.
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.