StockNews.com upgraded shares of Gibraltar Industries (NASDAQ:ROCK – Free Report) from a buy rating to a strong-buy rating in a research note released on Monday.
Gibraltar Industries Stock Up 0.2 %
ROCK stock opened at $67.35 on Monday. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 18.10 and a beta of 1.14. The business has a fifty day simple moving average of $68.17 and a 200-day simple moving average of $71.14. Gibraltar Industries has a 52 week low of $59.66 and a 52 week high of $87.40.
Gibraltar Industries (NASDAQ:ROCK – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The construction company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.08). The firm had revenue of $353.00 million for the quarter, compared to analyst estimates of $373.60 million. Gibraltar Industries had a return on equity of 13.91% and a net margin of 8.49%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share. As a group, analysts expect that Gibraltar Industries will post 4.6 earnings per share for the current fiscal year.
Institutional Trading of Gibraltar Industries
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.
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