Equities research analysts expect that Gibraltar Industries (NASDAQ:ROCK) will report $0.27 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Gibraltar Industries’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.25. Gibraltar Industries reported earnings of $0.20 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 35%. The firm 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 financial year, with EPS estimates ranging from $2.05 to $2.06. For the next financial year, analysts forecast that the business will post 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 analysts that follow Gibraltar Industries.
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 the consensus estimate of $0.34 by $0.07. The firm had revenue of $258.11 million for the quarter, compared to analysts’ expectations of $232.50 million. Gibraltar Industries had a return on equity of 11.14% and a net margin of 6.34%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS.
ROCK stock traded down $0.85 during trading hours on Tuesday, hitting $34.00. 127,242 shares of the stock were exchanged, compared to its average volume of 195,169. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.71 and a quick ratio of 2.20. The stock has a market capitalization of $1,079.53, a price-to-earnings ratio of 19.88 and a beta of 1.78. Gibraltar Industries has a 12 month low of $25.61 and a 12 month high of $40.45.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Gibraltar Industries by 4.4% during the 4th quarter. BlackRock Inc. now owns 4,155,757 shares of the construction company’s stock worth $137,140,000 after purchasing an additional 174,542 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Gibraltar Industries by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,426,842 shares of the construction company’s stock worth $75,596,000 after purchasing an additional 34,097 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Gibraltar Industries by 15.5% during the 4th quarter. Franklin Resources Inc. now owns 1,663,028 shares of the construction company’s stock worth $54,880,000 after purchasing an additional 222,569 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Gibraltar Industries by 5.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,162,598 shares of the construction company’s stock worth $38,366,000 after purchasing an additional 55,297 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Gibraltar Industries by 53.7% during the 4th quarter. Millennium Management LLC now owns 468,864 shares of the construction company’s stock worth $15,473,000 after purchasing an additional 163,762 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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