$286.90 Million in Sales Expected for Gibraltar Industries Inc (ROCK) This Quarter

Equities research analysts expect that Gibraltar Industries Inc (NASDAQ:ROCK) will post sales of $286.90 million for the current quarter, Zacks reports. Two analysts have provided estimates for Gibraltar Industries’ earnings, with the highest sales estimate coming in at $291.00 million and the lowest estimate coming in at $282.80 million. Gibraltar Industries reported sales of $274.57 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The firm is expected to report its next quarterly earnings report on Friday, November 2nd.

On average, analysts expect that Gibraltar Industries will report full year sales of $1.03 billion for the current year. For the next fiscal year, analysts expect that the company will report sales of $1.07 billion per share, with estimates ranging from $1.06 billion to $1.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last released its earnings results on Thursday, July 26th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.16. The company had revenue of $266.04 million for the quarter, compared to the consensus estimate of $261.93 million. Gibraltar Industries had a net margin of 7.59% and a return on equity of 12.37%. Gibraltar Industries’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS.

Several analysts have weighed in on the stock. ValuEngine raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. BidaskClub raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of Gibraltar Industries from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, May 30th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in ROCK. Global X Management Co. LLC acquired a new stake in Gibraltar Industries during the 1st quarter valued at approximately $260,000. Wedge Capital Management L L P NC lifted its stake in Gibraltar Industries by 198.4% during the 1st quarter. Wedge Capital Management L L P NC now owns 413,066 shares of the construction company’s stock valued at $13,982,000 after acquiring an additional 274,658 shares during the period. Alps Advisors Inc. acquired a new stake in Gibraltar Industries during the 1st quarter valued at approximately $462,000. Public Employees Retirement Association of Colorado lifted its stake in Gibraltar Industries by 2.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 441,324 shares of the construction company’s stock valued at $14,939,000 after acquiring an additional 10,500 shares during the period. Finally, Comerica Bank lifted its stake in Gibraltar Industries by 128.9% during the 1st quarter. Comerica Bank now owns 102,354 shares of the construction company’s stock valued at $3,593,000 after acquiring an additional 57,640 shares during the period.

NASDAQ:ROCK traded down $0.30 during trading hours on Wednesday, hitting $45.40. 81,900 shares of the company were exchanged, compared to its average volume of 224,727. The company has a market cap of $1.46 billion, a PE ratio of 26.81 and a beta of 1.90. Gibraltar Industries has a 52-week low of $27.95 and a 52-week high of $46.60. The company has a current ratio of 2.89, a quick ratio of 2.32 and a debt-to-equity ratio of 0.37.

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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