$256.10 Million in Sales Expected for Gibraltar Industries Inc (NASDAQ:ROCK) This Quarter

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Equities analysts expect Gibraltar Industries Inc (NASDAQ:ROCK) to announce $256.10 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Gibraltar Industries’ earnings, with estimates ranging from $255.90 million to $256.30 million. Gibraltar Industries posted sales of $240.91 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The firm is expected to report its next quarterly earnings results on Thursday, February 20th.

On average, analysts expect that Gibraltar Industries will report full year sales of $1.05 billion for the current fiscal year. For the next year, analysts anticipate that the firm will report sales of $1.09 billion, with estimates ranging from $1.08 billion to $1.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last released its quarterly earnings results on Friday, October 25th. The construction company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.09. The business had revenue of $299.20 million during the quarter, compared to analysts’ expectations of $290.20 million. Gibraltar Industries had a return on equity of 12.74% and a net margin of 6.20%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share.

Several brokerages have weighed in on ROCK. ValuEngine raised Gibraltar Industries from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. BidaskClub cut Gibraltar Industries from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

NASDAQ:ROCK traded down $0.57 on Friday, hitting $51.65. 26,512 shares of the stock were exchanged, compared to its average volume of 206,813. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 24.14 and a beta of 1.50. Gibraltar Industries has a 52 week low of $31.96 and a 52 week high of $55.15. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.46 and a current ratio of 1.81. The company’s 50-day moving average price is $50.40 and its 200 day moving average price is $43.09.

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. bought a new stake in Gibraltar Industries during the 2nd quarter worth about $31,000. Quantamental Technologies LLC bought a new stake in Gibraltar Industries during the 2nd quarter worth about $53,000. Bank of Montreal Can raised its holdings in Gibraltar Industries by 240.0% during the 2nd quarter. Bank of Montreal Can now owns 3,859 shares of the construction company’s stock worth $155,000 after purchasing an additional 2,724 shares during the last quarter. Paloma Partners Management Co bought a new stake in Gibraltar Industries during the 2nd quarter worth about $224,000. Finally, Jefferies Group LLC acquired a new position in shares of Gibraltar Industries during the 2nd quarter worth about $303,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Profit Margin

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

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