Gibraltar Industries Inc (ROCK) Expected to Post Quarterly Sales of $245.60 Million

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Equities research analysts expect that Gibraltar Industries Inc (NASDAQ:ROCK) will announce sales of $245.60 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Gibraltar Industries’ earnings, with estimates ranging from $242.50 million to $248.70 million. Gibraltar Industries reported sales of $258.11 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.8%. The company is expected to issue its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Gibraltar Industries will report full-year sales of $1.01 billion for the current fiscal year, with estimates ranging from $1.00 billion to $1.01 billion. For the next year, analysts forecast that the firm will report sales of $1.05 billion, with estimates ranging from $1.04 billion to $1.07 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings data on Thursday, November 1st. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01. The company had revenue of $280.10 million during the quarter, compared to analysts’ expectations of $287.93 million. Gibraltar Industries had a return on equity of 12.23% and a net margin of 7.44%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share.

A number of research analysts have issued reports on ROCK shares. BidaskClub cut Gibraltar Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Gibraltar Industries from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, January 2nd. ValuEngine upgraded Gibraltar Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. Finally, Sidoti started coverage on Gibraltar Industries in a research note on Tuesday, January 8th. They issued a “neutral” rating and a $40.00 target price for the company.

Large investors have recently made changes to their positions in the company. FMR LLC increased its stake in shares of Gibraltar Industries by 46.8% in the second quarter. FMR LLC now owns 1,799,845 shares of the construction company’s stock valued at $67,495,000 after buying an additional 573,750 shares in the last quarter. Stone Ridge Asset Management LLC increased its stake in shares of Gibraltar Industries by 26.9% in the third quarter. Stone Ridge Asset Management LLC now owns 7,426 shares of the construction company’s stock valued at $339,000 after buying an additional 1,574 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Gibraltar Industries in the third quarter valued at $275,000. Schwab Charles Investment Management Inc. increased its stake in shares of Gibraltar Industries by 9.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 240,121 shares of the construction company’s stock valued at $9,005,000 after buying an additional 20,492 shares in the last quarter. Finally, WINTON GROUP Ltd increased its stake in shares of Gibraltar Industries by 49.2% in the third quarter. WINTON GROUP Ltd now owns 209,714 shares of the construction company’s stock valued at $9,563,000 after buying an additional 69,140 shares in the last quarter.

Shares of NASDAQ ROCK traded up $0.48 during midday trading on Friday, reaching $36.53. 147,471 shares of the company traded hands, compared to its average volume of 185,709. The stock has a market cap of $1.17 billion, a PE ratio of 21.36 and a beta of 1.62. Gibraltar Industries has a 12 month low of $30.06 and a 12 month high of $49.10. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.27 and a current ratio of 2.78.

About Gibraltar Industries

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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