Zacks: Brokerages Expect Gibraltar Industries (ROCK) to Post $0.27 Earnings Per Share

Analysts expect that Gibraltar Industries (NASDAQ:ROCK) will announce earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Gibraltar Industries’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.28. Gibraltar Industries reported earnings per share of $0.20 during the same quarter last year, which suggests a positive year over year growth rate of 35%. The company is expected to issue its next earnings results on Friday, May 4th.

According to Zacks, analysts expect that Gibraltar Industries will report full year earnings of $2.06 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.06. For the next fiscal year, analysts forecast that the company will report earnings of $2.35 per share, with EPS estimates ranging from $2.22 to $2.47. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Gibraltar Industries.

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Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Gibraltar Industries had a return on equity of 11.14% and a net margin of 6.34%. The company had revenue of $258.11 million during the quarter, compared to analysts’ expectations of $232.50 million. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis.



A number of analysts have weighed in on the company. Zacks Investment Research raised Gibraltar Industries from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Monday, February 26th. BidaskClub cut Gibraltar Industries from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd.

Gibraltar Industries stock traded up $0.35 during mid-day trading on Tuesday, reaching $33.75. 167,095 shares of the company were exchanged, compared to its average volume of 262,345. Gibraltar Industries has a twelve month low of $25.61 and a twelve month high of $40.45. The company has a current ratio of 2.71, a quick ratio of 2.20 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $1,079.55, a price-to-earnings ratio of 19.88 and a beta of 1.78.

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Gibraltar Industries during the 3rd quarter worth approximately $157,000. Penn Capital Management Co. Inc. purchased a new position in shares of Gibraltar Industries during the 4th quarter worth approximately $294,000. Parametrica Management Ltd purchased a new position in shares of Gibraltar Industries during the 4th quarter worth approximately $319,000. Teacher Retirement System of Texas purchased a new position in shares of Gibraltar Industries during the 4th quarter worth approximately $337,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Gibraltar Industries by 58.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,850 shares of the construction company’s stock worth $369,000 after buying an additional 4,390 shares in the last quarter.

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

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