Equities analysts expect Gibraltar Industries Inc (NASDAQ:ROCK) to post $0.87 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Gibraltar Industries’ earnings, with estimates ranging from $0.83 to $0.91. Gibraltar Industries posted earnings per share of $0.71 during the same quarter last year, which suggests a positive year-over-year growth rate of 22.5%. The company is expected to announce its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Gibraltar Industries will report full year earnings of $2.49 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.50. For the next year, analysts forecast that the company will report earnings of $2.71 per share, with EPS estimates ranging from $2.68 to $2.74. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Gibraltar Industries.
Gibraltar Industries (NASDAQ:ROCK) last issued its earnings results on Friday, July 26th. The construction company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.05). Gibraltar Industries had a net margin of 5.82% and a return on equity of 11.80%. The company had revenue of $262.70 million for the quarter, compared to analysts’ expectations of $273.30 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The company’s revenue was down 1.2% compared to the same quarter last year.
Shares of NASDAQ:ROCK traded up $0.74 during trading on Friday, hitting $46.56. The stock had a trading volume of 159,251 shares, compared to its average volume of 158,624. Gibraltar Industries has a 12 month low of $31.96 and a 12 month high of $47.23. The company has a quick ratio of 1.47, a current ratio of 1.92 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1.49 billion, a PE ratio of 21.76 and a beta of 1.53. The firm’s fifty day moving average is $42.62 and its 200 day moving average is $40.13.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aperio Group LLC boosted its position in shares of Gibraltar Industries by 3.1% during the second quarter. Aperio Group LLC now owns 11,169 shares of the construction company’s stock valued at $451,000 after buying an additional 336 shares during the period. Mason Street Advisors LLC boosted its holdings in shares of Gibraltar Industries by 3.5% in the first quarter. Mason Street Advisors LLC now owns 10,306 shares of the construction company’s stock valued at $419,000 after purchasing an additional 348 shares during the period. Anchor Capital Advisors LLC boosted its holdings in shares of Gibraltar Industries by 0.7% in the first quarter. Anchor Capital Advisors LLC now owns 57,491 shares of the construction company’s stock valued at $2,335,000 after purchasing an additional 402 shares during the period. Arizona State Retirement System lifted its holdings in Gibraltar Industries by 0.9% during the second quarter. Arizona State Retirement System now owns 49,954 shares of the construction company’s stock worth $2,016,000 after buying an additional 449 shares during the period. Finally, Piedmont Investment Advisors Inc. lifted its holdings in Gibraltar Industries by 6.5% during the first quarter. Piedmont Investment Advisors Inc. now owns 8,199 shares of the construction company’s stock worth $333,000 after buying an additional 501 shares during the period.
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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