Zacks: Analysts Expect Gibraltar Industries, Inc. (NASDAQ:ROCK) to Announce $0.78 EPS

Wall Street analysts predict that Gibraltar Industries, Inc. (NASDAQ:ROCK) will report earnings of $0.78 per share for the current quarter, according to Zacks. Two analysts have made estimates for Gibraltar Industries’ earnings. Gibraltar Industries posted earnings per share of $0.59 in the same quarter last year, which indicates a positive year-over-year growth rate of 32.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 24th.

On average, analysts expect that Gibraltar Industries will report full-year earnings of $3.02 per share for the current fiscal year, with EPS estimates ranging from $3.01 to $3.02. For the next fiscal year, analysts expect that the company will report earnings of $3.68 per share, with EPS estimates ranging from $3.66 to $3.70. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Gibraltar Industries.

Gibraltar Industries (NASDAQ:ROCK) last issued its quarterly earnings results on Wednesday, October 27th. The construction company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by ($0.26). The business had revenue of $369.40 million during the quarter, compared to analyst estimates of $376.93 million. Gibraltar Industries had a net margin of 4.54% and a return on equity of 12.05%. The company’s revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 earnings per share.

Separately, Zacks Investment Research upgraded Gibraltar Industries from a “strong sell” rating to a “hold” rating and set a $71.00 price objective for the company in a report on Tuesday, December 28th.

ROCK stock opened at $62.20 on Wednesday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 35.54 and a beta of 0.98. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $70.14 and a 200-day simple moving average of $71.25. Gibraltar Industries has a 52 week low of $60.28 and a 52 week high of $103.02.

In related news, Director Linda Kristine Myers purchased 530 shares of the stock in a transaction that occurred on Friday, November 19th. The stock was purchased at an average cost of $75.72 per share, for a total transaction of $40,131.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Patrick Burns sold 3,179 shares of the company’s stock in a transaction dated Tuesday, November 30th. The shares were sold at an average price of $69.84, for a total transaction of $222,021.36. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Several large investors have recently made changes to their positions in ROCK. Gamco Investors INC. ET AL boosted its holdings in Gibraltar Industries by 3.4% during the second quarter. Gamco Investors INC. ET AL now owns 48,700 shares of the construction company’s stock worth $3,716,000 after buying an additional 1,600 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Gibraltar Industries by 6.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the construction company’s stock valued at $1,094,000 after buying an additional 1,000 shares during the period. Marks Group Wealth Management Inc boosted its stake in shares of Gibraltar Industries by 12.0% during the 2nd quarter. Marks Group Wealth Management Inc now owns 70,686 shares of the construction company’s stock valued at $5,401,000 after buying an additional 7,546 shares during the period. Deutsche Bank AG boosted its stake in shares of Gibraltar Industries by 7.6% during the 2nd quarter. Deutsche Bank AG now owns 24,311 shares of the construction company’s stock valued at $1,856,000 after buying an additional 1,710 shares during the period. Finally, Anchor Capital Advisors LLC boosted its stake in shares of Gibraltar Industries by 3.3% during the 2nd quarter. Anchor Capital Advisors LLC now owns 43,518 shares of the construction company’s stock valued at $3,321,000 after buying an additional 1,404 shares during the period. Institutional investors own 96.83% of the company’s stock.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc engages in the manufacture and provision of products and services for the renewable energy, conservation, residential, and infrastructure markets. It operates through the following segments: Residential Products, Infrastructure Products, and Renewable Energy and Conservation.

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