Zacks: Brokerages Anticipate Gibraltar Industries (ROCK) Will Announce Earnings of $0.27 Per Share

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.

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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.

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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.

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Earnings History and Estimates for Gibraltar Industries (NASDAQ:ROCK)

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