Analysts Anticipate Gibraltar Industries Inc (NASDAQ:ROCK) Will Post Quarterly Sales of $227.30 Million

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.

Several brokerages have recently issued reports on ROCK. BidaskClub raised shares of Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Friday, May 29th. Sidoti raised shares of Gibraltar Industries from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, March 23rd. KeyCorp cut their price target on shares of Gibraltar Industries from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Finally, ValuEngine downgraded shares of Gibraltar Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, April 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Gibraltar Industries presently has a consensus rating of “Hold” and an average price target of $55.67.

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.

See Also: Why do companies engage in swaps?

Get a free copy of the Zacks research report on Gibraltar Industries (ROCK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.