Gibraltar Industries, Inc. (NASDAQ:ROCK) to Post FY2024 Earnings of $4.79 Per Share, Seaport Res Ptn Forecasts

Gibraltar Industries, Inc. (NASDAQ:ROCK) – Equities researchers at Seaport Res Ptn increased their FY2024 earnings per share (EPS) estimates for Gibraltar Industries in a research report issued on Thursday, May 2nd. Seaport Res Ptn analyst W. Liptak now expects that the construction company will post earnings per share of $4.79 for the year, up from their prior forecast of $4.73. The consensus estimate for Gibraltar Industries’ current full-year earnings is $4.79 per share. Seaport Res Ptn also issued estimates for Gibraltar Industries’ Q4 2024 earnings at $1.17 EPS, Q1 2025 earnings at $0.91 EPS, Q2 2025 earnings at $1.44 EPS, Q3 2025 earnings at $1.74 EPS, Q4 2025 earnings at $1.31 EPS and FY2025 earnings at $5.41 EPS.

Gibraltar Industries (NASDAQ:ROCK) last posted its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.04. The firm had revenue of $292.51 million during the quarter, compared to the consensus estimate of $296.29 million. Gibraltar Industries had a return on equity of 14.39% and a net margin of 8.31%. The business’s revenue was down .3% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share.

Separately, StockNews.com upgraded Gibraltar Industries from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 29th.

Gibraltar Industries Trading Up 1.5 %

Shares of NASDAQ ROCK opened at $72.76 on Monday. Gibraltar Industries has a 12 month low of $51.36 and a 12 month high of $87.40. The stock has a 50 day moving average of $75.76 and a 200-day moving average of $75.00. The company has a market capitalization of $2.22 billion, a P/E ratio of 19.56 and a beta of 1.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Millburn Ridgefield Corp bought a new position in shares of Gibraltar Industries during the 3rd quarter worth approximately $28,000. Catalyst Capital Advisors LLC acquired a new stake in Gibraltar Industries during the 3rd quarter worth approximately $28,000. Quadrant Capital Group LLC lifted its holdings in Gibraltar Industries by 26.3% during the 4th quarter. Quadrant Capital Group LLC now owns 668 shares of the construction company’s stock worth $53,000 after purchasing an additional 139 shares during the last quarter. Covestor Ltd lifted its holdings in Gibraltar Industries by 13,540.0% during the 3rd quarter. Covestor Ltd now owns 682 shares of the construction company’s stock worth $46,000 after purchasing an additional 677 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Gibraltar Industries during the 4th quarter worth approximately $57,000. 98.39% of the stock is currently owned by institutional investors.

About Gibraltar Industries

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.