Analysts forecast that Gibraltar Industries Inc (NASDAQ:ROCK) will report sales of $227.30 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Gibraltar Industries’ earnings. The highest sales estimate is $239.60 million and the lowest is $215.00 million. Gibraltar Industries reported sales of $262.66 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.5%. The business is scheduled to report its next earnings report on Friday, July 24th.
On average, analysts expect that Gibraltar Industries will report full-year sales of $1.07 billion for the current year, with estimates ranging from $1.04 billion to $1.11 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.15 billion, with estimates ranging from $1.12 billion to $1.19 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Wednesday, May 6th. The construction company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.09. The firm had revenue of $249.40 million for the quarter, compared to analyst estimates of $252.03 million. Gibraltar Industries had a net margin of 6.62% and a return on equity of 13.74%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS.
Shares of NASDAQ ROCK traded up $2.41 during mid-day trading on Monday, hitting $47.40. The company’s stock had a trading volume of 177,406 shares, compared to its average volume of 237,893. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 20.73 and a beta of 1.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.64 and a quick ratio of 1.24. Gibraltar Industries has a one year low of $30.60 and a one year high of $56.58. The company’s fifty day simple moving average is $44.68 and its 200-day simple moving average is $47.90.
Several large investors have recently made changes to their positions in ROCK. Norges Bank acquired a new stake in shares of Gibraltar Industries in the 4th quarter valued at approximately $32,894,000. Neumeier Poma Investment Counsel LLC raised its holdings in Gibraltar Industries by 93.3% during the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 875,490 shares of the construction company’s stock worth $37,576,000 after buying an additional 422,525 shares during the period. Goldman Sachs Group Inc. raised its holdings in Gibraltar Industries by 331.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 410,171 shares of the construction company’s stock worth $20,689,000 after buying an additional 315,195 shares during the period. Renaissance Technologies LLC raised its holdings in Gibraltar Industries by 62.8% during the 4th quarter. Renaissance Technologies LLC now owns 608,004 shares of the construction company’s stock worth $30,668,000 after buying an additional 234,600 shares during the period. Finally, Driehaus Capital Management LLC raised its holdings in Gibraltar Industries by 409.9% during the 4th quarter. Driehaus Capital Management LLC now owns 250,190 shares of the construction company’s stock worth $12,620,000 after buying an additional 201,121 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.
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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